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USDSGD threatens the bulls

Wed, Aug 26 2009, 03:37 GMT
by Anthony Samaha

ForexSurvivor


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(26 August Asia) Latest Impact: USDSGD threatens the bulls

 

                USDSGD has been traded narrowly since the start of the month, and since August is known for lack of movements and defined long term targets, the market price remains on the bullish side for now targeting 14500.

 

This bullish scenario however, seems incompatible with the fundamentals and the support trendline @ 14370 should hold to stay with bulls. Any close below, and the market prefers then a stand aside mode as the bears may anticipate a quick bounce.

 

 

 

 

 

Risk Certification

 

The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

 

 

 

 

 

 


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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. **** Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

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