Thursday, July 18, 2013

USD / SGD: 18/07/2013. 12:29HRS

USD / SGD:

US Dollar V Singapore Dollar is in an up trend.

Chart below:

 
Price has retraced back to the 61.8% Fibonacci Level and is showing divergence between price and the oscillating indicators.
 
Chart below:
 
 

 
Price has broken up through the averages and I am looking for a long position as detailed below.
 
Levels and Chart below:
 
1st Entry: 1.2650
2nd Entry: 1.2640
 
Averaged Entry: 1.2645
 
Stop Loss: 1.2610
 
Target: 1.2820
 
 
I will update again should the position be opened.
 
 
 
 

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