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USDSGD

USD/SGD 1H Chart: Pair reaches new one-year highThe US Dollar has gained 3.30% against the Singapore Dollar during the past few weeks. This strong appreciation allowed the pair to reach a new one-year high and provide another confirmation of the upper channel line at 1.3727 early in July. By mid-Thursday, the Greenback had returned to re-test this high and subsequently breached it to test the 1.3740 mark. Technical indicators remain bullish for the following week, suggesting that a test of the senior channel near 1.39 may follow during this time. The weekly R3 is located nearby at 1.3875. This bullish momentum could be preceded by a slight correction south down to the 55– and 100-period (4H) SMAs located in the 1.3650 area.
by UnknownUnicorn890690
USD/SGD UpdateI closed a deal with 235 pips of profit. I did it because I currently in Italy and it's too hard to work and travel in this beautiful country at the same time. I pick traveling))) But what about USD/SGD. Currency rate at powerful uptrend. If you have an open position you can close part of it and hold another part. As for me, I will wait for PullBeak 1.3489 it is key level from which price bounced many times. I write this overview for you dear subscriber. You need to know that. I open positions only near keys levels. Because there I can calculate my potential risk and potential profit. Also, I use technical filters which I must to see before I open a deal. It gives for me mo accuracy. For you, I recommend wait for PullBeak to 1.3489 Long — Term goal for the price is 13 — month maximum 1.3902 Previus signal:
Long
by Yuriy_Bishko
1
End-of-Week close above here long swings push to next zoneAnalysis for swing trade: See my previous post on bullish swing strategy for this pair . An end-of-week close above current shadow resistance we will have a successful swing breakout. Swing bulls should then push to next shadow between 1.3519 and 1.3565. Current zone could offer entry. Analysis for day trade: Continue long with current week white candle. We are now seeing an alignment between swing and day traders rather than opposite. When interests align there may be possibility for quicker move. Notes: Technical Analysis states that previous turning points offer future potential support resistance zones. 1. Attach a horizontal line at each turning point in the past 12 months on weekly chart. 2. These lines leave a shadow. 3. Shadows are not evenly dispersed but tend to be clustered. 4. When multiple shadows confluence in a tight range, there is a dark shadow which will provide strong support resistance. 5. Look for dark shadow to offer next turning point. 6. Price will move quickly through empty spaces or bright areas.
Long
by colonelkink
USD/SGD 4H Chart: Rate tests strong resistanceThe US Dollar has been trading in an ascending channel against the Singapore Dollar. This pattern began early in January and has since guided the pair towards a new 2018 high of 1.3480. The pair also breached the previous long-term pattern at the beginning of May. During the past three weeks, the US Dollar has been moving sideways, fluctuating between the aforementioned yearly high and the 1.33 level. The pair is still located in the given range. It has, however, fallen below the 100– and 200-period SMAs which is a bearish signal. Technical indicators on the daily chart are likewise tended southwards. Taking this into account, it is expected that the Greenback weakens during the following weeks, setting the monthly S1 at 1.3255 as a possible weekly target.
by UnknownUnicorn890690