EUR/AUD 1H Chart Emerging Pattern: Channel Up

by Admin

USD/SGD 1H Chart

Emerging Pattern: Channel Down

For more than 350 hours already the currency pair has been in a down-trend, trading below the 200-bar SMA. While technical indicators are largely neutral on the price’s outlook, an overwhelming majority of market participants are bearish on the U.S. Dollar, expecting the dip to extend further in the future.


CHF/JPY 1H Chart

Emerging Pattern: Triangle

CHF/JPY is closing in on the apex of the Triangle it has been forming for the last 277 hours. Technical studies are neutral at the moment, although nearly three out of four (73%) traders anticipate debasement of the Swiss Franc relative to the Japanese Yen. However, in order to do that the pair will have to penetrate support at 105.30.


EUR/AUD 1H Chart

Emerging Pattern: Channel Up

According to EUR/AUD’s formation on a 1H chart, the pair’s bias is currently positive, as Euro’s appreciation should be guided by the two upward-sloping trend-lines. However, in general SWFX market participants are holding short positions, being that the price bounced off the resistance line and is headed towards 1.2542, the lower edge of the pattern.