AceTraderForex June 21: Forex Market Outlook on Asian Exotics USD/SGD

[B]DAILY USD/SGD OUTLOOK - 1.2511
09 Oct 2013[/B] [I]05:41GMT[/I]

Present break of y’day’s 1.2507 high due to usd’s
broad-based strength suggests nr term fall fm 1.25
81 has ended at 1.2454 n gain to 1.2542 is seen.

Turn long on dips n exit on upmove as 1.2555/60
wud cap upside. Below 1.2473 aborts, risks 1.2454.

[B]STRATEGY :[/B] Buy at 1.2490

[B]OBJECTIVE :[/B] 1.2540

[B]STOP-LOSS :[/B] 1.2465

[B]RES :[/B] 1.2507/1.2541/1.2586

[B]SUP :[/B] 1.2462/1.2454/1.2422

[B]DAILY USD/SGD OUTLOOK - 1.2529
10 Oct 2013[/B] [I]03:31GMT[/I]

Present rise abv y’day’s high at 1.2526 suggests
early pullback fm 1.2586 has ended at 1.2454 n up-
side bias remains for a re-test of said res.

Buy at market with stop as indicated n only below
1.2499 aborts n risks weakness twds 1.2462.

[B]STRATEGY :[/B] Buy at market

[B]OBJECTIVE :[/B] 1.2580

[B]STOP-LOSS :[/B] 1.2505

[B]RES :[/B] 1.2541/1.2586/1.2600

[B]SUP :[/B] 1.2499/1.2462/1.2454

[B]DAILY USD/SGD OUTLOOK - 1.2428
15 Oct 2013[/B] [I]23:40GMT[/I]

Y’day’s breach of 1.2422 (Sep) to 1.2407 signals
the eratic decline fm Aug’s 13-mth peak at 1.2862
has resumed n further weakness to 1.2389 is seen.

Sell on recovery with stop as indicated, abv wud
risk stronger rebound to 1.2497 b4 down.

[B]STRATEGY :[/B] Sell at 1.2450

[B]OBJECTIVE :[/B] 1.2390

[B]STOP-LOSS :[/B] 1.2480

[B]RES :[/B] 1.2450/1.2477/1.2497

[B]DAILY USD/SGD OUTLOOK - 1.2442
17 Oct 2013[/B] [I]02:48GMT[/I]

Although usd has rebounded fm Tue’s 1.2408 low n
consolidation is seen, as said move signals fall fm
Aug’s 1.2862 top has resumed, downside bias remains

Trade fm short side with stop as indicated n only
abv 1.2497 wud abort bearishness, risk 1.2525.

[B]STRATEGY :[/B] Short at 1.2450

[B]POSITION :[/B] Short at 1.2450

[B]OBJECTIVE :[/B] 1.2390

[B]STOP-LOSS :[/B] 1.2480

[B]RES :[/B] 1.2477/1.2497/1.2525

[B]SUP :[/B] 1.2408/1.2389/1.2361

[B]DAILY USD/SGD OUTLOOK - 1.2374
25 Oct 2013[/B] [I]03:05GMT[/I]

Despite usd’s rebound fm 1.2343 to 1.2407, subse
quent retreat suggests recovery is over n downside
bias remains to re-test said low, break, 1.2311.

Sell on pullback with stop as indicated n only
abv 1.2433 wud abort n risk retrace. to 1.2445.

[B]
STRATEGY :[/B] Sell at 1.2400

[B]OBJECTIVE :[/B] 1.2350

[B]STOP-LOSS :[/B] 1.2420
[B]
RES :[/B] 1.2407/1.2433/1.2445
[B]
SUP :[/B] 1.2343/1.2311/1.2268

[B]DAILY USD/SGD OUTLOOK - 1.2362
28 Oct 2013[/B] [I]05:01GMT [/I]

Usd’s retreat fm last Wed’s 1.2407 high signals
erratic fall fm 1.2862 has possibly resumed n below
1.2343 low (Wed) wud extend to 1.2311 later.

Sell on recovery with stop as indicated n only
abv 1.2433 aborts n risks retracement to 1.2465.

[B]STRATEGY :[/B] Sell at 1.2385

[B]OBJECTIVE :[/B] 1.2315

[B]STOP-LOSS :[/B] 1.2410

[B]RES :[/B] 1.2407/1.2433/1.2465

[B]SUP :[/B] 1.2343/1.2311/1.2268

[B]DAILY USD/SGD OUTLOOK - 1.2574
18 Dec 2013[/B] 03:17GMT

Usd’s firmness after early breach of 1.2570 sug-
gests upmove fm 1.2343 (Nov) remains in force n fur
ther gain to 1.2603 is seen after consolidation.

Buy on dips with stop as indicated, below wud
risk stronger pullback but 1.2472 sup wud hold.

[B]STRATEGY :[/B] Buy at 1.2540

[B]OBJECTIVE :[/B] 1.2600

[B]STOP-LOSS :[/B] 1.2510

[B]RES :[/B] 1.2583/1.2603/1.2617

[B]SUP :[/B] 1.2523/1.2472/1.2426

[B]DAILY USD/SGD OUTLOOK - 1.2716
07 Jan 2014[/B] [I]06:28GMT[/I]

Usd’s breach of Dec’s high at 1.2698 signals er
ratic upmove fm 1.2343 (Oct) has resumed n upside
bias wud be seen for gain to 1.2731 n 1.2758 later.

Buy on dips with stop as indicated, below wud
signal temp. top has made n risk 1.2645.

[B]STRATEGY :[/B] Buy at 1.2695

[B]OBJECTIVE :[/B] 1.2750

[B]STOP-LOSS :[/B] 1.2670

[B]RES :[/B] 1.2731/1.2758/1.2766

[B]SUP :[/B] 1.2673/1.2645/1.2618

[B]DAILY USD/SGD OUTLOOK - 1.2728
29 Jan 2014[/B] [I]00:31GMT[/I]

Dlr’s weakness vs Asian peers due to rebound in
emerging market currencies Tue suggests decline fm
last Fri’s 4-mth top at 1.2830 wud head to 1.2678.

Venture selling for this move but 1.2651 wud hold
n only abv 1.2756 (NY) risks 1.2774 b4 down.

[B]STRATEGY :[/B] Sell at market

[B]OBJECTIVE :[/B] 1.2678

[B]STOP-LOSS :[/B] 1.2758

[B]RES :[/B] 1.2756/1.2774/1.2820

[B]SUP :[/B] 1.2709/1.2684/1.2631

[B]DAILY USD/SGD OUTLOOK - 1.2692
11 Feb 2014[/B] [I]06:20GMT[/I]

Usd’s rebound from Fri’s 3-wk low at 1.2662 to 1.2709
yesterday signals recent fall has made a temp. low,
as long as 1.2719 holds, downside bias remains.

Sell again n only a daily close above 1.2719 risks
correction toward 1.2742/43. Below 1.2662, 1.2645/50.

[B]Daily USD/SGD OUTLOOK - 1.2673
24 Feb 2014[/B] [I]03:46GMT[/I]

As USD has rebounded after a retreat from 1.2692 to
1.2662 in NY, up move from 1.2582 to retrace decline
from 1.2830 (Jan) to extend twd 1.2706 (50% r) later.

Hold long for this move n only below sup area at
1.2637/43 would risk stronger pullback to 1.2615/20.

[B]DAILY USD/SGD OUTLOOK[/B] - 1.2769
[B]21 Mar 2014[/B] [I]07:25GMT[/I]

Although USD has retreated from 1.2794, as long as
1.2726 sup holds, upside bias remains for rise from
1.2582 (Feb) to resume and extend toward 1.2830.

Buy on dips with stop as indicated and only below
1.2701 aborts bullishness on USD, risks 1.2676.

[B]DAILY USD/SGD OUTLOOK[/B] - 1.2609
[B]31 Mar 2014[/B] [I]06:10GMT[/I]

Although USD rebound after a brief break of Feb’s
1.2582 low to a 3-month trough at 1.2568 signals
temp. low is made, reckon 1.2625/35 would cap upside.

Sell on further recovery for 1.2655 but 1.2643
would hold. Only above 1.2660/61 may risk 1.2690/95.

[B]DAILY USD/SGD OUTLOOK[/B] - 1.2625
[B]03 Apr 2014[/B] [I]06:50GMT[/I]

USD’s intra-day retreat from 1.2629 (NY) suggests
corrective rise from Mon’s 3-month low at 1.2568 has
possibly ended and below 1.2586 confirms this view.

Hold short for resumption of decline to 1.2557
and only above 1.2640 risks retrace to 1.2661.

[B]DAILY USD/SGD OUTLOOK[/B] - 1.2527
[B]15 Apr 2014[/B] [I]06:40GMT[/I]

USD’s rise from last Wed’s 4-month trough at 1.2451
to 1.2546 today signals long-awaited correction has
taken place and further gain to 1.2565/70 is likely.

Turn long on dips and exit and up move as 1.2583 should
cap upside. Below 1.2485 indicates top, 1.2465/70.

[B]
STRATEGY :[/B] Buy at 1.2515

[B]OBJECTIVE :[/B] 1.2565

[B]STOP-LOSS :[/B] 1.2490

[B]RES :[/B] 1.2546/1.2568/1.2583

[B]SUP :[/B] 1.2506/1.2465/1.2451

[B] DAILY USD/SGD OUTLOOK - 1.2566 [/B]
[B]29 Apr 2014[/B] [I]06:32GMT[/I]

Although intra-day retreat from 1.2582 suggests
further choppy trading below Fri’s 2-wk high at 1.2596
would continue b4 up move from 1.2451 (Apr) resumes.

Hold long in anticipation of such move and only
below 1.2547/49 risks weakness toward 1.2524 (50% r).

[B]STRATEGY :[/B] Long at 1.2560

[B]POSITION :[/B] Long at 1.2560

[B]OBJECTIVE :[/B] 1.2610

[B]STOP-LOSS :[/B] 1.2540

[B]RES :[/B] 1.2596/1.2619/1.2650

[B]SUP :[/B] 1.2547/1.2522/1.2506

[B]DAILY USD/SGD OUTLOOK[/B] - 1.2497

[B]12 May 2014[/B] [I]06:57GMT [/I]

Usd’s rebound fm Thur’s 1.2456 low signals choppy
trading abv Apr’s 4-month 1.2451 wud continue n res
1.2510/11 needs to hold for resumtpion of decline.

Trade fm short side but 1.2406/10 shud hold. Abv
1.2510/11 wud risk stronger retrace. to 1.2530/40.

[B]STRATEGY :[/B] Short at 1.2485

[B]POSITION :[/B] Short at 1.2485

[B]OBJECTIVE :[/B] 1.2435

[B]STOP-LOSS :[/B] 1.2515

[B]RES :[/B] 1.2510/1.2523/1.2569

[B]SUP :[/B] 1.2451/1.2422/1.2406

[B]DAILY USD/SGD OUTLOOK[/B] - 1.2523
[B]23 May 2014[/B] [I]07:04GMT[/I]

Despite the sideways move after early retreat fm
last Fri’s 1.2541 top to 1.2491 (Mon), bullishness
remains for rise fm 1.2456 (May) to head to 1.2569.

Buy usd on dips for 1.2540 1st n only below 1.24
91 sup may risk stronger retracement to 1.2477/82.

STRATEGY : Buy at 1.2500

OBJECTIVE : 1.2540

STOP-LOSS : 1.2480

RES : 1.2541/1.2569/1.2596

SUP : 1.2491/1.2484/1.2451

[B]DAILY USD/SGD OUTLOOK - 1.2543

18 Jun 2014[/B] [I]04:24GMT[/I]

Yesterday’s rally above 1.2515 (now sup) to 1.2542
confirms early decline from 1.2587 has ended at 1.2471
and upside bias remains for gain to 1.2570 later.

Raise long entry for this move n only below 1.2493/95
would risk possible weakness toward 1.2471 later.

[B]STRATEGY :[/B] Buy at 1.2525

[B]OBJECTIVE :[/B] 1.2575

[B]STOP-LOSS :[/B] 1.2495

[B]RES :[/B] 1.2542/1.2568/1.2587

[B]SUP :[/B] 1.2493/1.2471/1.2451

Intra-Day Market Moving News and Views
28 Jan 2015 03:37GMT

USD/SGD - ....... Singapore MAS spokesperson says central bank's main policy cycle remains as scheduled in April and October each year; central bank has always maintained flexibility to conduct off-cycle policy reviews, will do so when needed; their next monetary policy review will be as scheduled in April; "barring significant shocks", 2015 inflation, growth forecasts would likely be reaffirmed at April review.

Earlier the sing dlr fell the most since 2010 in early Asian trading after the MAS surprised the market by easing its monetary policy, dlr sing jumped from 1.3392 to as high as 1.3570 (a fresh 4-year peak).

Bloomberg reported the Monetary Authority of Singapore, which uses the currency as its main policy tool, said it will reduce the slope of the policy band for the island’s dollar in an unscheduled policy statement Wed. It also cut the inflation forecast for 2015, predicting prices may fall as much as 0.5%.

Singapore becomes at least the 9th economy to ease policy this month as global price pressures evaporate with an oil slump, after the ECB announced QE plans while Canada, Denmark n India cut interest rates. More may come – the BoJ chief said the country may need to get creative in any further monetary stimulus and Thai policy makers face growing pressure to lower borrowing costs.