GBP/SGD Long on Rebound From SupportLooking for a rejection of support for this to climb higher. Recently broke above a big resistance level, if price can hold here and not fall below support again then there is a good long opportunity on this. Want to see MACD remain above 0 and EMA to remain bullish if and when this holds at support before longing. Target is at the next high of 1.88158
Sgdshort
USDSGD broke Trend Line, Probably Continues Range TradingUSDSGD broke its long-term trendline during Thursday trading, but moved below this line during Friday trading in spite of the fact that oscillators are pointing towards a bit of an upward turnaround. RSI signals a neutral reading while the stochastic oscillator suggests USDSGD could make a leg up higher. Clearly, a floor appears to be around 1.3446 and 1.3453 with two reversals from this level. A linear regression from September 2018 suggests this will happen on average by May, but the upper 95 percent confidence interval tells us it could be much later if this is a floor. Either way, sideways trading within a range of 1.3616 and 1.3446 is the most likely scenario in the short-term.