Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/SGD jumps above 1.3300 mark, faces strong resistance at 1.3375 mark

  • USD/SGD is currently trading around 1.3318 marks.
     
  • It made intraday high at 1.3330 and low at 1.3309 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.3234 mark.
     
  • A daily close above 1.3312 will test key resistances at 1.3375, 1.3438 and 1.3532 levels respectively.
     
  • Alternatively, a consistent close below 1.3312 will drag the parity down towards key support at 1.3234/1.3168/1.3080/1.3005/1.2855/1.2754 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 around 1.3290, stop loss 1.3234 and target of 1.3438.

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

  • ET PRO
  • Market Data

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

February 24 01:30 UTC Released

CNChina House Prices YY

Actual

5 %

Forecast

Previous

5.3 %

February 23 20:00 UTC Released

USCattle Placed On Fd

Actual

104 %

Forecast

100.4 %

Previous

101 %

January 31 00:00 UTC 3647336473m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 3647336473m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4829348293m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 3647336473m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 4829348293m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 3647336473m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 3647336473m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 3647336473m

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.