USD/TRY has moved sharply down this week falling to the support line since the end of November.
USD/SGD turned down
SELL 1.3490; TP1 1.3440; TP2 1.3350; SL 1.3510
USD/SGD formed the top at 1.3870 in October. The pair closed below 50-month MA in December and below 100-week MA (1.3600) last week.
On D1, the pair passed down through the 200-day MA (1.3593), which will now play the role of resistance. Yesterday USD/SGD closed below 38.2% Fibo at 1.3540. A new wave of selling will start once the pair is below 1.3490. Be ready to act on it!
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...