USD/SGD ST: turning down.

USDSGD

Trading Central 2021-02-23 07:42:06

Pivot: 1.3310

Our preference: short positions below 1.3310 with targets at 1.3155 & 1.3020 in extension.

Alternative scenario: above 1.3310 look for further upside with 1.3390 & 1.3515 as targets.

Comment: as long as the resistance at 1.3310 is not surpassed, the risk of the break below 1.3155 remains high.

Supports and resistances:

1.3515 **

1.3390 **

1.3310 ***

1.3267 Last

1.3155 ***

1.3020 ***

1.2920 **

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.