USD/SGD 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 19, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    EUR/TRY 4H Chart: Channel Down Comment: EUR/TRY proved to be unable to surpass resistance at 3.48 both in August and September, and now the currency pair is developing a bearish channel. Accordingly, we expect the down-trend at 3.3552 to limit near-term rallies, while the rate is expected to head towards 3.2117, where it should start an upward correction after hitting the weekly S2 and the lower boundary of the pattern. Meanwhile, a close above a tough resistance area circa 3.38 (Oct 14 high,

    Continue reading...

Share This Page

free forex signals