16/06/2017 - microsoft · figures indicated in this article have not been verified by the dukascopy...
TRANSCRIPT
16/06/2017
SGD/JPY CAD/JPY
SGD/JPY 4h Chart: Channel Up
The Singapore Dollar is gaining value against the Japanese Yen in the short-term
ascending channel. Due to the 85 pips depreciation of the Yen on the previous
trading day, the pair even managed to pass through the 50% Fibonacci retracement
level of the 2016 high and low levels at 80.02 and reach the upper trend-line of the
formation. For the moment, the rate is experiencing pressure from below from the
monthly PP and weekly R1 at 80.26 as well as from the 200-period SMA at 80.24.
For this reason, it is quite possible that the pair will cross the border of the pattern.
On the other hand, the current location of the rate might be viewed as a second
confirmation point of the large, medium-term descending channel and, in this case, should bounce off in the opposite direction.
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Sell Neutral Neutral
Stochastic (5; 3) Sell Buy Sell
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇘ ⇒ ⇒
CAD/JPY 4h Chart: Channel Up
The Canadian Dollar is trading against the Japanese Yen in the short-term, vertical
ascending channel. The pattern represents a bounce off of the currency exchange
rate from the bottom line of the preceding flat descending channel. At the present
moment, the pair is fluctuating in a range between the monthly R1 and 38.20%
Fibonacci retracement level at 83.659 and weekly R3 at 84.214. The relevant
Fibonacci retracement levels for this pair are measured by connecting the 2016 low
level with the 2017 high level. Most likely the pair will continue the surge until it
reaches the new resistance level comprised of the monthly R2 at 85.243 and
23.60% retracement level at 85.567. Afterwards, a new medium-term pattern might start to form.
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Sell Neutral Neutral
Stochastic (5; 3) Buy Sell Sell
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇒ ⇒ ⇘
Disclaimer
Everything in this article, including opinions and figures, is provided for informational purposes only and may not be interpreted as financial advice or solicitation of products. Dukascopy group assume no responsibility for the completeness or the accuracy of any data contained in this article. Financial figures indicated in this article have not been verified by the Dukascopy group. Views, opinions and analyses are those of the author of the article, and are not endorsed by the Dukascopy group. Dukascopy group waive any and all warranties, express or implied, regarding, but without limitation to, warranties of the merchantability or the fitness
for a particular purpose, with respect to all information in this article. Dukascopy group shall under no circumstances be responsible for any direct,
indirect, consequential, contingent or any other damages sustained in connection with the use of this article.
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