EUR/NZD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 2, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/SGD 1H Chart: Channel Up Comment: Although the technical indicators at the moment do not favour a bullish scenario, our outlook on USD/SGD is bullish. We expect a rebound from 1.3960, where the lower boundary of the emerging channel merges with the 200-hour SMA. In the meantime, it might prove difficult for the pair to overcome 1.4070, and not because of the Oct 29 high, but because of the 200-period SMA in the four-hour chart. Above 1.4070 we will target the Oct high at 1.4366. In case

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