Our pivot point stands at 1.3418.
Our preference: the upside prevails as long as 1.3418 is support.
Alternative scenario: below 1.3418, expect 1.3389 and 1.3373.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3423 and 1.3428). Finally, the USD/SGD has crossed above its upper Bollinger band (1.3441).
Supports and resistances:
1.3529 **
1.3512 *
1.3496 **
1.3479
1.3442 last
1.3429
1.3418 **
1.3389 *
1.3373 **
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 03-02-2023 at 03:18 UTC+1
Price reference: 1.3442 last known on 03-02-2023 at 03:18 UTC+1
Investment horizon: INTRADAY