Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Singapore dollar trades marginally lower after non-oil exports data

  • USD/SGD is currently trading around 1.3727 marks.
     
  • It made intraday high at 1.3735 and low at 1.3722 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.3690 mark.
     
  • A daily close above 1.3725 will test key resistances at 1.3740, 1.3768, 1.3813 and 1.3854 marks respectively.
     
  • Alternatively, a consistent close below 1.3725 will drag the parity down towards key supports at 1.3690, 1.3650, 1.3625, 1.3599, 1.3570, 1.3522, 1.3490 and 1.3422 levels respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Singapore April 2019 non - oil exports mm increase to -0.6 % (forecast 5 %) vs previous -14.3 % (revised from -14.3 %).
     
  • Singapore April 2019 non - oil exports yy increase to -10 % (forecast -6 %) vs previous -11.8 % (revised from -11.7 %).

We prefer to take long position on USD/SGD around 1.3720, stop loss at 1.3690 and target of 1.3768.

  • Market Data
Close

Welcome to EconoTimes

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