Our pivot point is at 1.3323.
Our preference: the downside prevails as long as 1.3323 is resistance.
Alternative scenario: above 1.3323, look for 1.3350 and 1.3366.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.3318 and 1.3321). Finally, the USD/SGD is trading below its lower Bollinger band (standing at 1.3303).
Supports and resistances:
1.3366 **
1.3350 *
1.3323 **
1.3313
1.3300 last
1.3268
1.3252 **
1.3237 *
1.3221 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 04-12-2023 at 12:41 UTC+1
Price reference: 1.3300 last known on 04-12-2023 at 12:41 UTC+1
Investment horizon: INTRADAY