Our free forex signals service trade for today is a buy order on the USD/SGD pair. The USD/SGD pair is moving somehow sideways, within a narrow range. This could represent an upside reversal pattern after the price action has shown some oversold signs. Still, we have to wait for a strong upside The greenback is bullish after receiving a helping hand from the US CB Consumer Confidence, Richmond Manufacturing Index, and from the New Homes Sales indicators. The economic figures have come in better than expected in yesterday’s session. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis USD Needs A Bullish Spark As you already know, the Dollar Index has turned to the upside after escaping from a reversal pattern in the short term. Still, the index needs more support from the US economy to be able to approach and reach new highs. The US Durable Goods Orders could register a 1.1% drop in September, while the Core Durable Goods Orders is expected to report a 0.4% growth in the last month versus a 0.3% growth in August. In addition, the Goods Trade Balance could drop to -88.2B from -87.6B, while the Prelim Wholesale Inventories may register a 1.0% growth in September. Better than expected US data could boost the USD. From the technical viewpoint, the USD/SGD tries to escape from the symmetrical triangle. Failing to stay within the descending pitchfork’s body and failing to come back down towards 1.3419 lower low signalled a potential upside reversal. Free forex signals – BUY GBP/USD at 1.3799 Free forex signals entry price and take profit Instrument: USD/SGD Order Type: BUY STOP Entry price: 1.3502 Stop Loss: 1.3447 TP1: 1.3584 My Risk: 1% Risk / Reward Ratio: 1:1.5 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next EUR/USD Forecast: Euro Rallies After 1.1586 Support Holds Olimpiu Tuns 1 year Our free forex signals service trade for today is a buy order on the USD/SGD pair. The USD/SGD pair is moving somehow sideways, within a narrow range. This could represent an upside reversal pattern after the price action has shown some oversold signs. Still, we have to wait for a strong upside The greenback is bullish after receiving a helping hand from the US CB Consumer Confidence, Richmond Manufacturing Index, and from the New Homes Sales indicators. The economic figures have come in better than expected in yesterday’s session. [su_button url="https://www.forexcrunch.com/visit/learn2trade" style="3d" background="#1d44bb" size="8" center="yes" radius="0"]Get FREE Forex Signals Now![/su_button]… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
