Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD trades in narrow range, faces strong resistance at 1.3949 mark

  • USD/SGD is currently trading around 1.3926 marks.
     
  • It made intraday high at 1.3934 and low at 1.3923 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.3949 marks. 
     
  • A daily close above 1.3928 will test key resistances at 1.3949, 1.3988, 1.4046, 1.4095, 1.4128, 1.4219, 1.4266, 1.4327, 1.4409 and 1.4506 levels respectively.

  • Alternatively, a consistent close below 1.3928 will drag the parity down towards key supports at 1.3891/1.3851/1.3775/1.3704/1.3646 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take long position in USD/SGD only above 1.3949, stop loss 1.3891 and target of 1.3988/1.4020/1.4046.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 23 00:30 UTC Released

JPNikkei Mfg PMI Flash

Actual

53.3 bln $

Forecast

Previous

53.1 bln $

April 20 19:00 UTC Released

USCattle Marketed

Actual

96 %

Forecast

95.9 %

Previous

102 %

January 31 00:00 UTC 118295118295m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 118295118295m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 130115130115m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 118295118295m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 130115130115m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 118295118295m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 118295118295m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 118295118295m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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