Singapore Dollar (SGD) ⇨ US Dollar ($)(SGDUSD) Trading Outlook

Singapore Dollar (SGD) ⇨ US Dollar ($)(SGDUSD) Trading Outlook

Singapore Dollar (SGD) ⇨ US Dollar ($)(SGDUSD) Trading Outlook

HEFFX Notes Singapore Dollar

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 1.36.

The projected upper bound is: 1.36.

The projected lower bound is: 1.33.

The projected closing price is: 1.34.

FOREX SGD= closed up 0.001 at 1.343. Volume was 100% below average (consolidating) and Bollinger Bands were 14% narrower than normal.

Open           High           Low           Close           Volume
1.343           1.343          1.342          1.343           52

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period           50-period           200-period
Close:                       1.34                     1.35                       1.38
Volatility:                3                            7                            8
Volume:                  15,414                 20,257                   22,707

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
FOREX SGD= is currently 2.7% below its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of SGD= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on SGD= and have had this outlook for the last 9 periods.

Singapore Dollar

HEFFX Momentum Singapore Dollar

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 57.8217. This is not an overbought or oversold reading. The last signal was a buy 9 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 45.23. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 107 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -24. This is not a topping or bottoming area. The last signal was a buy 9 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.

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