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GBP/USD 4H Chart: Broadening Falling Wedge

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/SGD 1H Chart: Channel Down Comment: The Dollar carries clear downside risks in its pair with the Singapore Dollar. This particular cross is departing from the upper trend-line of the channel down pattern, while the most important moving average lines and the weekly pivot point are already behind the spot price of 1.35. Technical indicators on all three time frames are pointing down at the moment, meaning we should expect an attack on the March 31 low at 1.3415 soon. If the bearish pressure

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