USD/SGD Analysis

Market news

9 February 2018

USD/SGD Analysis

USD/SGD has been following a bearish trend for several weeks.

If we look on weekly time frame chart, we can see that the price is now moving close to the downside trend line and to the previous support.

Therefore, if the price starts to reject the blue zone (previous support level) then we can expect a further bearish movement close to the previous low and even lower.

European stocks closed: FTSE 100 -78.26 7092.43 -1.09% DAX -152.81 12107.48 -1.25% CAC 40 -72.47 5079.21 -1.41%

U.S wholesale inventories rose more than expected in December

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