The EURSGD pair might show a bearish hidden divergence soon, please wait for confirmation from MACD cross though.
The last hidden divergence worked admirably well as indicated on the price chart. The horizontal yellow lines are showing area of support, very much respected as of recently.
On the fundamental side, the ECB, while increasingly hawkish, is definitely slower than the Singaporean central bank to tighten their monetary policy, therefore the fundamentals are also bearish.
This pair is an exotic pair, so pay attention to your broker's spread and swap rates.
The last hidden divergence worked admirably well as indicated on the price chart. The horizontal yellow lines are showing area of support, very much respected as of recently.
On the fundamental side, the ECB, while increasingly hawkish, is definitely slower than the Singaporean central bank to tighten their monetary policy, therefore the fundamentals are also bearish.
This pair is an exotic pair, so pay attention to your broker's spread and swap rates.