Get started

USDSGD

USD SGD Live Update: Bearish Trend is Not Yet Over...Conclusion for today’s analysis: The minimum expectation for the USDSGD is ~1.33439. Price action from May 03, 2018 to current date is shown in today's analysis for the USDSGD on a 6 hour timeframe. A top formation that took almost 6 months to complete i.e. between July 02, 2018 to December 27, 2018 is identified as a complex head and shoulders pattern. Confirmation of the chart pattern occurred on the January 04, 2019 when price action closed below the neckline of the pattern at ~1.36138. The bearish implication of the pattern mentioned above is not yet complete and the minimum expectation for price action is 1.33439 achieved via a vertical projection of distance between the head of the pattern and the neckline. Any current bullish swing or retracement of the current uptrend should be considered for entry point into a bearish position(s).
Short
by Coin_Analyst
SGD/CHF - Long Term ShortSGD/CHF is not holding strong and broke under the 50 EMA on the daily timeframe. MACD daily has also crossed the zero line and we have convergence down. AS the pair goes down, we will see how strong the bearish move is and wheter we can keep holding to the next TPs. First TP: 0.7153 Second TP: 0.7105 Third TP: 0.7055 You must leave enough space for your SL. That is, put it above the daily 50 EMA, or simply, above the last daily candle close with a little bit of space to it. Trade safe.
Short
by MoolahMaker
1
USDSGD DOWNSIDE CONTINUATIONWith the USD expected to fall we look to the USD crosses for short opportunities. We have already had one great trade on USDSGD last month and it has lined up again for another short opportunity. The reason we expect USD to fall is due to the current downside of the US Government Bonds. The prices of the Bonds are falling and this can show a lack of investment in the greenback. A lack of investment can lead to the currency weakening and the bonds tend to act as a lead indicator for the USD strength/weakness. Technically the daily chart formed a ringed high at the bearish moving averages showing potential downside. Weekly support sits at 1.3613 and would be first targets.
Short
by BlueberryMarkets
USD/SGD 1H Chart: Decline continuesThe Singapore Dollar has been appreciating against the US Dollar after the exchange rate reversed from the upper boundary of a medium-term channel at 1.3870. As apparent on the chart, the pair is also trading in a short-term descending channel. From a theoretical point of view, the pair should follow the junior channel and aim for the lower boundary of the senior channel near 1.3670. Important support level is the monthly PP at 1.3700. If the senior channel does not hold, a breakout south might occur and the rate might drop to the Fibonacci 38.20% at 1.3629.
by UnknownUnicorn890690