Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD trades in narrow range, bias remains neutral

  • USD/SGD is currently trading around 1.3460 marks.
     
  • It made intraday high at 1.3466 and low at 1.3453 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 1.3457 will test key resistances at 1.3532, 1.3580, 1.3602, 1.3652, 1.3715, 1.3768, 1.3822 and 1.3949 levels respectively
    .
  • Alternatively, a consistent close below 1.3457 will drag the parity down towards key support at 1.3432/1.3396/1.3346/1.3217/1.3164/1.3005 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to take short position in USD/SGD only below 1.3443, stop loss 1.3492 and target of 1.3396.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.