USD/SGD Live News

This page provides live coverage and news analysis on the USD/SGD currency pair

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Jul. 18, 2024

Mixed sentiment sees USD/SGD currency pair ending the session broadly flat; establishes tight 1.3386 to 1.342 range

Live - Updated 56 minutes ago.

USD/SGD posts light gains on a low-volatility day, ranging between 1.3386 – 1.342 and is now at 1.3416.

Visual analysis of USD/SGD's chart shows that USD/SGD could be slowing down soon; it is getting close to the resistance line and is now at 1.3441, only 25 pips away. Crossing the resistance line could, however, suggest that further gains are ahead. Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that USD/SGD's lower Bollinger Band® is at 1.3393, indicating that the market is oversold and fertile for new buyers.

All in all, the technical analysis suggests USD/SGD has no clear-cut direction.

Other currencies are also rising as having closed the previous session at 156.18, USD/JPY is up 0.2% today to currently trade at around 156.49.

At the same time, EUR/USD is down to 1.0917, losing 24 pips, after closing at 1.0941 in the preceding trading session. GBP/USD closed at 1.2982 (down 0.21%).

USD/SGD is now trading 53.73% below its 3-month high of 1.3734.

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Week to date

Listless market leaves USD/SGD trading around 1.3416 .

Trading week at a glance - USD/SGD is up to 1.3416, after closing yesterday at zero. Overall, a 0% move or 13,415 pips this week. (Start trading USD/SGD at FXTM today).