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USD/SEK 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 24, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/SGD 1H Chart: Channel Up Comment: While the US Dollar is likely to weaken today, the longer-term prospects are bullish. The currency pair has recently approached the upper boundary of the channel, meaning there is likely to be a sell-off from 1.3720. However, the decline should be short-lived, considering that the price closed above the 200-hour SMA and there is a dense demand area circa 1.3650, created by the weekly pivot point and lower boundary of the pattern. USD/SGD has the potential

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