empty
28.01.2021 12:16 PM
Technical analysis USD/SGD for January 28, 2021

This image is no longer relevant

We have posted a couple of times lately regarding the USD/SGD cross as we was looking for a potential bottom. This bottom seems to be shaping up nicely as we now can see a Cup with handle bottom calling for a rally towards 1.3480. This means a break above the short-term key-resistance at 1.3404 where a bottom is confirmed.

With a possible bottom in place, we should be looking for a larger rally towards 1.4455 and ultimately higher to the equality-target near 1.5700 in the years to come.

When trying to determined long-term targets it's essential that long-term charts is used or else the risk of overlooking a trendline or long-term support or resistance.

Remember that the trend and patience are your friends

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for EUR/USD for August 11-15, 2025: sell below 1.1650 (200 EMA - 7/8 Murray)

Early in the American session, the euro is trading around 1.1590. After a failed breakout of the downtrend channel, EUR/USD fell below the 21 SMA and below the 7/8 Murray

Dimitrios Zappas 17:54 2025-08-11 UTC+2

Trading Signals for GOLD (XAU/USD) for August 11-15, 2025: sell below $3,380 or buy if rebound 3,341 (21 SMA - 7/8 Murray)

The eagle indicator is showing a negative signal, so we must be very cautious if we are buying, as the bearish force is likely to intensify in the coming hours

Dimitrios Zappas 17:51 2025-08-11 UTC+2

Forecast for EUR/USD on August 11, 2025

On Friday, EUR/USD made two rebounds from the 1.1637–1.1645 support zone and turned in favor of the euro. This means the upward movement could continue today toward the 76.4% Fibonacci

Samir Klishi 10:44 2025-08-11 UTC+2

Forecast for GBP/USD on August 11, 2025

On the hourly chart, GBP/USD on Friday made two rebounds from the 1.3425 level, and on Monday continues moving upward toward the 76.4% retracement level at 1.3470. A rebound from

Samir Klishi 10:25 2025-08-11 UTC+2

Forex forecast 11/08/2025: EUR/USD, USD/JPY, GBP/USD, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:20 2025-08-11 UTC+2

GBP/USD. Technical Analysis for the Week of August 11–16

Trend Analysis This week, from the 1.3450 level (close to the last weekly candle), the price may start moving downward toward 1.3270 – a historical support level (blue dotted line)

Stefan Doll 10:02 2025-08-11 UTC+2

EUR/USD. Technical Analysis for the Week of August 11–16

Last week, the pair moved upward, almost testing the historical resistance level at 1.1710 (blue dotted line), and then turned downward, closing the weekly candle at 1.1641. In the coming

Stefan Doll 09:55 2025-08-11 UTC+2

GBP/USD. Indicator Analysis on August 11, 2025

On Friday, the pair moved downward, tested the 61.8% retracement level at 1.3416 (red dotted line), and then rose, closing the daily candle at 1.3450. Today, the price will attempt

Stefan Doll 09:53 2025-08-11 UTC+2

EUR/USD. Indicator Analysis on August 11, 2025

On Friday, the pair moved downward, almost testing the 23.6% retracement level at 1.1626 (blue dotted line), after which the price rose slightly and closed the daily candle at 1.1641

Stefan Doll 09:40 2025-08-11 UTC+2

If the USD/JPY successfully breaks through the Pivot level, it has the potential to continue strengthening. Monday, August 11, 2025.

[USD/JPY] – [Monday, August 11, 2025] Although the condition of USD/JPY is still moving sideways, as indicated by the overlapping EMAs, the USD/JPY's successful breakout and close above its Pivot

Arief Makmur 07:37 2025-08-11 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.