USD/SGD 1H Chart: Channel Up The American Dollar is trading against the Singapore Dollar in medium-term ascending channel that formed in the result of a change of trend in the end of July. At the moment, the pattern consists of multiple reaction highs and a number of uneven reaction lows. Due to fundamental events the currency rate showed to be quite...
Price is within the daily corrective pattern. Watch the bottom for a possible buy setup, one more up move is possible.
A good swing setup shows on USD/SGD Pair. 1. Overall trend is still bullish on USD 2. The price touched on 20-EMA and bounce back strongly from that,a good signal to long. 3. The price also bounce back from the support level at 1.416x EP: 1.42417 SL: 1.41438 TP1: 1.43289 TP2: 1.44242