Forex - Chart USD/SGD Update: Retains downside pressure


Published at 01:44 (GMT) 13 Aug

   

Chart USD/SGD Update: Retains downside pressure (JCUC7401)

15 Aug USD/SGD Daily

00::30 GMT - Pullback from last week's high of 1.2551 now threatening strong support at 1.2443 and need a sustained move below latter to trigger another round of selling with the 1.2365 support set as the next target. Above 1.2493 high set prior session will fade downside risk. [W.T]
R5: 1.2587 * 4 Jun high
R4: 1.2567 * 200-day MA line
R3: 1.2551 * 8 Aug high
R2: 1.2521 11 Aug high
R1: 1.2493 14 Aug high

S1: 1.2443 * 5 Aug low
S2: 1.2420 30 Jul low
S3: 1.2413 29 Jul low
S4: 1.2397 25 Jul low
S5: 1.2365 ** 23 Jul low

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD hovers near 1.0700 ahead of US data

EUR/USD hovers near  1.0700 ahead of US data

EUR/USD struggles to build on Wednesday's gains and fluctuates in a tight channel near 1.0700 on Thursday. The US Dollar holds its ground following the Fed-inspired decline as market focus shifts to mid-tier US data releases.

EUR/USD News

GBP/USD holds steady above 1.2500 following Wednesday's rebound

GBP/USD holds steady above 1.2500 following Wednesday's rebound

GBP/USD stays in a consolidation phase slightly above 1.2500 on Thursday after closing in the green on Wednesday. A mixed market mood caps the GBP/USD upside ahead of Unit Labor Costs and Jobless Claims data from the US.

GBP/USD News

Gold retreats to $2,300 despite falling US yields

Gold retreats to $2,300 despite falling US yields

Gold stays under bearish pressure and trades deep in negative territory at around $2,300 on Thursday. The benchmark 10-year US Treasury bond edges lower following the Fed's policy decisions but XAU/USD struggles to find a foothold.

Gold News

Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now

Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now

Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.

Read more

Happy Apple day

Happy Apple day

Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple. 

Read more

Majors

Cryptocurrencies

Signatures