Based off my technical analysis USDSGD has been overall bearish ( measured from monthly chart ) Using my fibs tool the bullish move was only a retrace to 38.2 fib level (measure from weekly chart ). You can see I have my bullish trend line measured. That trend line was broken through, which is a signal for a good sell move. Price also failed to break through resistance level. A double top reversal pattern was also formed at the resistance level. Take profit area can possibly be around 1.31545.
Lastly price has to retraced near the double top neckline and where it broke the bullish TL. This will mean that price will be good to buy up until 1.3500 area.
If you agree with my analysis please like or comment your input.
Lastly price has to retraced near the double top neckline and where it broke the bullish TL. This will mean that price will be good to buy up until 1.3500 area.
If you agree with my analysis please like or comment your input.