USD/SGD Confluence:
1. 50/60 - 200/250 EMA Crossover in January 2015 indicated a major transition in market sentiment.
2. Measuring the entire symmetrical triangle breakout leg from Summer 2014 to the highs at 1.39 which marked the end of the Quarter 1 of 2015, we can see the .5 - .618 Fibonacci retracement lies at 1.32- 1.30
3. 1.32 was the peak of the...
We have a new participant of the global wave of monetary easing policy after Japan, Europe, & other ASEAN nation.
Keep your shorts on SGD opened at least from now until June - September 2015 :)
1.4 USDSGD is the near term target.
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