USDSGD breakout (Stay Tuned)

Been monitoring this for day now and it is still consolidating as expected. Will probably take just a few more day but how it moves in the coming days will determine the breakout direction.

Falling wedges have a 90% probability of moving in the bullish direction assuming there is no major events to change the fundamentals.

Note

Still tracking. Getting closer now.

Note

Already, this is it. It's time for USDSGD to go towards 1.43-1.45

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The North Korean crisis killed the opportunity for USDSGD to break out of the wedge positively. We're now back in the wedge and testing the support line. If it breaks down, there is a likelihood for it to go down towards the bottom of the channel.

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USDSGD broke out of channel and range. Currently holding steady above 1.4 before the French election. The Euro has a 2/3 chance of falling after the election with a Macron win already priced in and possible Le Pen upset. From there, I expect DXY to take a new trend with USDSGD possibly reaching as high as 1.48

TP1: 1.412
TP2: 1.423
TP3: 1.437
TP4: 1.454 and beyond

leeweechong

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leeweechong