Our free forex signals service trade today is a sell order on the USD/SGD. The pair will go downside if the USD finds bullish momentum. The USD/SGD pair dropped in the short term as the Dollar Index retreated. The DXY showed overbought signs. A potential corrective phase registered by the dollar index could force the USD to depreciate versus its rivals. Technically, the currency pair reached a resistance zone of 1.3667 – 1.3687. A temporary decline is natural after its strong upwards movement, but we still need confirmation. –Are you interested in learning more about forex bonuses? Check our detailed guide- The US data came in better than expected yesterday, but the USD seems overbought in the short term. Housing Starts was reported at 1.79M above 1.74M expected, while the Building Permits indicator came in at 1.87M versus 1.83M estimates versus 1.86M in the previous reporting period. US Existing Home Sales 5.78M expected Today, the US Existing Home Sales are expected to report a potential drop from 6.02M to 5.78M in March. Worse than expected, data could weaken the USD. Better than expected data could help the USD to stay higher. Also, the Canadian inflation data could bring some action to the USD. The USD/SGD pair registered only false breakouts above the descending pitchfork’s upper median line (UML). It could drop as long as it stays under this level. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Sell USD/SGD at 1.3640 Free forex signals entry price and take-profit Instrument: USD/SGD Order Type: SELL STOP Entry price: 1.3640 Stop Loss: 1.3703 TP1: 1.3546 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 How Crypto Is Redefining Retirement Investments For All Ages Alan Draper 7 months Our free forex signals service trade today is a sell order on the USD/SGD. The pair will go downside if the USD finds bullish momentum. The USD/SGD pair dropped in the short term as the Dollar Index retreated. The DXY showed overbought signs. A potential corrective phase registered by the dollar index could force the USD to depreciate versus its rivals. Technically, the currency pair reached a resistance zone of 1.3667 - 1.3687. A temporary decline is natural after its strong upwards movement, but we still need confirmation. -Are you interested in learning more about forex bonuses? Check our detailed… 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.
