The US
Dollar versus the Singaporean Dollar has kept a well-sustained bearish trend
with some bullish pullbacks that have been broken to the downside
systematically, as shown on the daily chart. At the moment the pair is right in
the middle of one of those pullbacks and it could give us a sell signal if the
lower trendline is broken or a buy signal if the upper trendline is broken. The
triangle’s shadow shows an area where if hit by the price, all signals will be ignore,
because there was no real breakout, just a consolidation without a real entry
signal.
Well spotted! I'll keep it in mind.
ReplyDeleteExcellent Analysis! Thanks.
ReplyDeleteI've notice that 1.31506 is the 50% fibo retracement from the last rally, which begun on the 23.07.2014 (Minimum @ 1.23634) and ended on the 13.03.2015 (maximum @ 1.39378). A daily close above 1.33364 (Fibo 38.2%), shall be a good/promising long entry.
Thank you for the analsys!
ReplyDeleteGood point!
ReplyDeleteGreat post! Important information!
ReplyDeleteVery helpful.
ReplyDeleteWell spotted.
ReplyDeleteI have to say it's interesting pair to trade.
ReplyDeleteThanks for the information.
ReplyDelete