Singapore Dollar: USD/SGD (SGD=X) Target 1.36
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.38.
The projected lower bound is: 1.36.
The projected closing price is: 1.37.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 68.3739. This is not an overbought or oversold reading. The last signal was a buy 7 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 64.29. 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 sell 13 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 131.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 7 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.
Rex Takasugi – TD Profile
FOREX SGD= closed down -0.001 at 1.370. Volume was 97% below average (consolidating) and Bollinger Bands were 35% narrower than normal.
Open High Low Close Volume___
1.370 1.371 1.369 1.370 737
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1.36 1.35 1.34
Volatility: 4 5 5
Volume: 32,169 30,739 25,987
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.
FOREX SGD= is currently 2.5% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into SGD= (mildly bullish). Our trend forecasting oscillators are currently bullish on SGD= and have had this outlook for the last 23 periods.
Latest posts by HEFFX Australia (see all)
- Alphabet Inc. (NASDAQ:GOOG) Targets Shoppers, Eyes Amazon Turf - May 23, 2019
- Alibaba Group Holding Limited (NYSE:BABA) stock now trades at less than a 50 P/E, a buy call feels like a no brainer - May 23, 2019
- Dow Jones Industrial Average (.DJI) extended losses after the minutes of the latest Federal Reserve policy meeting seemed to confirm that interest rates will remain on hold - May 23, 2019