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EUR/JPY 1H Chart: Rising Wedge

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 16, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    AUD/SGD 1H Chart: Channel Up Comment: For the past several days AUD/SGD has been in a strong upward trend, after it had rebounded from 0.9720. The upside, however, is limited. Although the hourly and four-hour indicators suggest that the price will rise above the daily and weekly R1 levels at 1.0060, the chances are that the Aussie will bounce off of the seven-week down-trend already at 1.0100. The target will then be the lower boundary of the bearish channel emerging in the four-hour chart,

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