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USDSGD

USDSGD pulling back. Two levels to buy.The USDSGD pair made a Double Top rejection two days ago and is currently on a strong bearish 1D candle. With the 1D RSI also rejected on a Double Top last since in September 29 2021, the next level to consider entering is just above the 1D MA50 (blue trend-line), which is where the June 16 Bull Flag found Support. A 1D candle close below the 1D MA50, should target the bottom of the long-term Channel, just above the 1D MA200 (orange trend-line), which is where the last two Higher Lows were formed on August 11 2022 and April 14 2022. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
USDSGD 23rd MAY 2022The upward trend in inflation has prompted the US central bank to tighten monetary policy dramatically. The US benchmark interest rate, which was originally expected to rise by around 75 basis points (bps) in 2022, has drastically changed to 175 bps. For the record, the increase in the US benchmark interest rate has increased by 75 bps. An increase of 25 bps occurred in March 2022 and then rose again by 50 bps in May. This will make the dollar strengthen for the next few weeks. Singapore’s Ministry of Home Affairs (MHA) said the following day that Somad has been known to preach "extremist and segregationist" teachings, which are "unacceptable in Singapore’s multi-racial and multi-religious society". Supporters of Indonesian preacher Abdul Somad Batubara staged protests in Jakarta and Medan, North Sumatra. Several of them held placards that read "Boycott Singapore products" As is known, Indonesia is one of Singapore's largest export markets.
Long
by DNP-FX
💡Don't miss the great buy opportunity in USDSGDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3463). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDSGD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 72. Take Profits: TP1= @ 1.3508 TP2= @ 1.3549 TP3= @ 1.3605 TP4= @ 1.3668 TP5= @ 1.3713 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
4