Technician
Long

USDSGD: Another Long-term Opportunity!

860 5 18
If you're looking for a longer term position trade, I love this pair. The pair has been in a major consolidation phase within the past few years, that kind of action usually precedes major long term trend shifts. The price may have broken out recently, and could be just the start of something much bigger.

The fundamentals support this view, as markets continue love the U.S. dollar, the out-performance of the U.S. economy and potential reversal in the monetary policy cycle could be the main catalyst for this trade.

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My best regards,
Technician
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thanks for this post
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LastBattle
2 years ago
Interesting, thanks. I don't usually chart USD/SGD since it've always been trading within 1.22~1.3x.
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I didn't get a notification for this chart, don't know why. Go dollar go!
(Don't forget about the Crowns!)
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SwingAndPip
2 years ago
Do you have a market order or limit order?
Reply
Technician TOP SwingAndPip
2 years ago
Not yet, i will time my trade on the daily chart.
-1 Reply
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