USDSGD Cup formation (No action as yet)

USDSGD is disappointing but I light is at the end of the tunnel for those who USDSGD bias. This is why I'm still bullish with USDSGD. To complete the formation, the handle will curve up to the previous high of 1.45 Let's be patient and wait for the signal.

Kommentera:

The previous breakout from the falling wedge completes the down channel for the handle. Now that is left is for the break upwards and then we will have 2 targets

1. The previous high of 1.45
2. The depth of the cup 1.58

Lofty goals but not far from the long term view of most career analyst.

Kommentera:

Kommentera:

Followed the bat pattern for a while until news broke the trend and it went lower. Let's hope this is what we are seeing now.

Kommentera:

Also taking note of the bullish divergence in the above chart.