Tag Archives: USD/SGD
Asia Strategy Focus: USDSGD: raise stop loss level to 1.307 from 1.286
On November 1, 2011 we recommended sell USDSGD at 1.273, take profit at 1.235 and stop loss at 1.286.
Asia Strategy Focus: Sell USDSGD at 1.273, take profit at 1.235
On October 24, 2011 we initiated a trade idea sell USDSGD at around 1.28 with a take profit target of 1.242 and stop loss of 1.293. Directionally, we were correct in our call where USDSGD hit 1.242 on October 28, 2011. However, this trade did not get triggered since we only hit a high of […]
Buy USDSGD Dips To 1.2420
USDSGD was heavy around 1.2435 at the open as USDKRW fell, but turned bid near 1.2390 when the BoJ intervened. Spot remained bid through the day and traded to a high of 1.2525, where it found some selling interest.
Global Technical Watch – Dollar over Asia (Sep 15)
We are focusing on Asian currencies today. The Asia Dollar Index closed below its 200-day average for the first time in over a year, and several currencies in the region risk further bearish, corrective price action against the USD. We highlight various support areas and trigger points at which this theme is likely to persist.