empty
 
 

2016.08.2922:55:00UTC+00Fxwirepro: Usd/sgd Hovers Around 1.36 Mark, Bias Remains Bullish Above 1.3627

  • USD/SGD is currently trading around 1.3610 marks.
     
  • It made intraday high at 1.3616 and low at 1.3579 levels.
     
  • Intraday bias remains neutral till the time pair holds initial resistance at 1.3627 marks. 
     
  • A sustained close above 1.3638 will test key resistances at 1.3799, 1.3836, 1.3851(March 16, 2016 high), 1.4073 (20D EMA) and 1.4132(20D, 30D and 55D EMA crossover).
     
  • On the other side, a daily close below 1.3562 will drag the parity down towards key supports at 1.3488/1.3452/1.3391/1.3347/1.3313/1.3302/ 1.3271 levels.

We prefer to go long on USD/SGD only above 1.3627 with stop loss at 1.3532 and target of 1.3799.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback