Forex - Chart USD/SGD Update: Crack seen on the downside


Published at 00:16 (GMT) 28 Aug

   

Chart USD/SGD Update: Crack seen on the downside (SDXC7401)

27 Aug USD/SGD Daily

23::42 GMT - Trade seen last session exposed crack on the downside withbreak of 1.2474/67 supports and further enforced by the negative cross-over seen on daily MACD and this should attract shorts during intraday trading with slip of 1.2463 support to expose further weakness to 1.2435 strong support. [W.T]
R5: 1.2567 * 200-day MA line
R4: 1.2551 * 8 Aug high
R3: 1.2526 21 Aug high
R2: 1.2517 25 Aug high
R1: 1.2495 27 Aug high

S1: 1.2463 27 Aug low
S2: 1.2435 * 15 Aug low
S3: 1.2420 30 Jul low
S4: 1.2413 29 Jul low
S5: 1.2397 25 Jul low

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD rises toward 1.0700 after Germany and EU PMI data

EUR/USD rises toward 1.0700 after Germany and EU PMI data

EUR/USD gains traction and rises toward 1.0700 in the European session on Monday. HCOB Composite PMI data from Germany and the Eurozone came in better than expected, providing a boost to the Euro. Focus shifts US PMI readings.

EUR/USD News

GBP/USD holds above 1.2350 after UK PMIs

GBP/USD holds above 1.2350 after UK PMIs

GBP/USD clings to modest daily gains above 1.2350 in the European session on Tuesday. The data from the UK showed that the private sector continued to grow at an accelerating pace in April, helping Pound Sterling gather strength.

GBP/USD News

Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets

Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets

Gold price (XAU/USD) remains under heavy selling pressure for the second straight day on Tuesday and languishes near its lowest level in over two weeks, around the $2,300 mark heading into the European session.

Gold News

Here’s why Ondo price hit new ATH amid bearish market outlook Premium

Here’s why Ondo price hit new ATH amid bearish market outlook

Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.

Read more

US S&P Global PMIs Preview: Economic expansion set to keep momentum in April

US S&P Global PMIs Preview: Economic expansion set to keep momentum in April

S&P Global Manufacturing PMI and Services PMI are both expected to come in at 52 in April’s flash estimate, highlighting an ongoing expansion in the private sector’s economic activity.

Read more

Majors

Cryptocurrencies

Signatures