The pair has been trading sideways in 2019 within the 1.36140 Resistance and 1.34450 Support. With 1D neutral (RSI = 51.626, Williams = -49.207, CCI = -45.7804, Highs/Lows = 0.0000), the price is expected to continue consolidating on the medium term within those levels. We are using 1.35750 - 1.36140 as a Sell Zone and 1.34450 - 1.34900 as a Buy Zone.
At this moment on USDSGD Daily Chart USDSGD is moving on a sideways market movement and it ranges between 1.3456-1.3609. USDSGD has been ranging for the past 3-months a break of the market movement is certain.
There are 2 possibilities of its movement, an appreciation of USDSGD is more likely the and continuation of a bearish move.
If the market break and close...
USDSGD has been on a ranging mode despite of a death cross indicated in the chart. If price is able to reject the 61.8& or 1.3500 zone, we will consider longing the stock as it is approaching the key resistance level.
USDSGD has just confirmed a bearish shark harmonic pattern on the 4-hour timeframe with a 0B retracement of 0.886.
The potential reversal zone (PRZ) is comprised of 2 ratios:
1.618 AB projection at 1.36041
0.886 0B retracement at 1.35979
Stop loss is set at the 1.13 0B projection, or 1.36327.
Take profit is set at two levels, management and...
USDSGD broke its long-term trendline during Thursday trading, but moved below this line during Friday trading in spite of the fact that oscillators are pointing towards a bit of an upward turnaround. RSI signals a neutral reading while the stochastic oscillator suggests USDSGD could make a leg up higher. Clearly, a floor appears to be around 1.3446 and 1.3453 with...