Analysis on USDSGD 2019

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At this moment on USDSGD Daily Chart USDSGD is moving on a sideways market movement and it ranges between 1.3456-1.3609. USDSGD has been ranging for the past 3-months a break of the market movement is certain.

There are 2 possibilities of its movement, an appreciation of USDSGD is more likely the and continuation of a bearish move.

If the market break and close above 1.3609, is a likelihood for it to move towards 1.3825 and a break of that moving towards 1.4048 is seen.

The analysis is only for reference purposes and it shouldn't be used for any investment or trading purposes.

Penafian

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