The USD/SGD has formed a bullish reversal candle (hammer) at the POC zone and we should see a bullish continuation.

USDSGD

 

The market is currently supported at the Wizz lvl 7  and the price is bouncing up. If we see a bullish close above 1.3870, the price should hit 1.3897, 1.3942 and 1.3964. The pair has been in a strong uptrend and there is still room for next resistance. Only a drop below 1.3820 could provide a new bearish momentum, where a deeper retracement will take place.

USDSGD

 


 

The analysis has been done with the CAMMACD.MTF template.

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