Forex Investment and Currency Trading

Over recent weeks it appears the USD has been struggling with a narrowing triangle, with topside resistance coming from the June 13 recovery high with support coming from the mid-March low (excluding the panic fall before the NY open on March 17).
With lower oil prices limiting downside risks to US growth during the months ahead, [...]

[Read more →]

USD-SGD looks to be putting in a double bottom below 1.35
If confirmed, this suggests a test of 1.3660 and 1.3850 in the next few weeks
Risk would be for a sustained drop below 1.3450
Technically, we should reduce USD-SGD shorts, eliminate on a break of 1.3660

Technical Indicators: Mixed

 
14-day RSI: Bullish signal
RSI is at 38.05 is turning higher [...]

[Read more →]

USDJPY: Friday’s low was on the 55 dma which is currently at 105.71. There is also focus on the 200 dma at 107.41. These two moving averages have been converging and one of them will be breached in the Short Term. It is continued to expect lower levels to be tested and good Short Term support [...]

[Read more →]