Notice the strong support at 0.382 FIB level. There were 3 attempts to breakdown but each time, it rebounded. We are now at the 4th attempt of breaking down the support. Also, it has breakdown from the black channel line with 3 strong bearish candles. Bearish on this pair for now
For those buying goods from US and paying in US$, this is the best time. Basically, we need less SGD to get the same USD value compared to the past. So , if you are going to US for travel as well, you get more bang out of your US$ currency too. Take advantage , it won't be here for long .....
This is what I see in the chart.
can wait for price to break out of black diagonal line , retrace then buy.
See what ? See that the MACD is cross over and the price actions show bearish candles before selling
Please feel free to comment
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Nikkei 225 is still strong but it needs a breather before going higher