USDSGD Fundamental Analysis – January 2nd 2020

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Should price action for the USDSGD remain inside the or breakdown below the 1.3400 to 1.3475 zone the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Short Position
  • Entry Level: Short Position @ 1.3435
  • Take Profit Zone: 1.3160 – 1.3215
  • Stop Loss Level: 1.3500
Should price action for the USDSGD breakout above 1.3475 the following trade set-up is recommended:
  • Timeframe: D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 1.3500
  • Take Profit Zone: 1.3625 – 1.3675
  • Stop Loss Level: 1.3475
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