Hurry up! Don't miss out our 2-hours, 6-hours and 10-hours mentorship. You will be taken hand in hand to profitable trading.
It's plenty of material and exercises. The special offer for our online 1-2-1 mentorship is for a limited number of participants!
Plenty of material and exercises. You will be walked hand-by-hand to profitable professional trading.
To check the content of our courses CLICK HERE. To contact me CLICK HERE.
SGDUSD - ANALYSIS
The Singapore Dollar (now at 1.2457 ) is set to temporarily climb to the area 1.2577-1.2681 or even 1.2608-1.2615 (see daily chart), before resuming the main downtrend started on Jan 23.
The present level (1.2457 ) seems to be a good entry point for a long. Similarly, the top in the area 1.2577-1.2681 (or maybe the area at 1.2608-1.2615) could be your entry point for a very good short.
The USDSGD should be able to get to 1.22 before staging the next significant retracement.
topping soon at:
Then down to:
The weekly chart reveals that the triangle ended with "wave e" and stared a downtrend from there.
The daily chart displays only 3 waves down (of 5) and the development of the two-step-patterns up to 1.2577-1.2681 or 1.2608-1.2615.
Weekly chart - click to enlarge
Daily chart - click to enlarge