Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD breaks key resistance at 1.3538 mark, stay bullish

  • USD/SGD is currently trading around 1.3544 marks.
     
  • It made intraday high at 1.3553 and low at 1.3525 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.3496 mark.
     
  • A daily close above 1.3525 will test key resistances at 1.3570, 1.3590, 1.3615, 1.3672, 1.3720, 1.3770 and 1.3790 marks respectively.
     
  • Alternatively, a consistent close below 1.3525 will drag the parity down towards key supports at 1.3490, 1.3465, 1.3422 and 1.3315 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 on USD/SGD around 1.3530, stop loss at 1.3490 and target of 1.3570/1.3590.

  • ET PRO
  • Market Data

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

May 24 19:00 UTC Released

USCattle Marketed

Actual

106.9 %

Forecast

106.6 %

Previous

97 %

May 24 19:00 UTC Released

USCattle Placed On Fd

Actual

108.7 %

Forecast

113 %

Previous

105 %

January 31 00:00 UTC 690301690301m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 690301690301m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 702121702121m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 690301690301m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 702121702121m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 690301690301m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 690301690301m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 690301690301m

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.