USDSGD 1H 16.01.2020 - Singapore Dollar
16 January

USDSGD 1H 16.01.2020 - Singapore Dollar

Singapore Dollar

 

Technical Chart pick of the day: USDSGD – Bearish

 

· On a technical perspective, the trend is turning bearish, with prices below the 20 and 40.

· Prices failed to break above the 40 EMA and retraced. This indicates that selling pressure is present.

· Based on the pivot point analysis, prices are below the pivot level. This signifies bearishness.

 

Resistance: R1: 1.34751, R2: 1.34096, R3: 1.35140

Support:      S1: 1.34517, S2: 1.34438, S3: 1.34204

 

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