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Retreat from highs expected

USD/SGD is on highs last seen in the middle of 2013. Broad USD strength is seen across the board and now I think for some week rate will be in process of further direction determination. Mentioned developments could be seen in weekly USD/SGD chart below.
In my opinion during coming moth rate will fluctuate inside quite narrow range before further direction will be determined but this might happen only at the beginning of next year. For more exact possible rate developments determination daily US…
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rokasltu avatar

3 weeks till contest end - USD/SGD nearly reached 1.30 as it moved higher than I expected. But soft US jobs data reversed pair direction and now rate is around 1.29. In my opinion rate will return under 1.2873 during coming week and will fluctuate below that level afterwards.

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rokasltu 17 Nov

2 weeks till contest end - USD shows strength again and rate tried to move above 1.30 but didn't stayed there for a long. I think despite recent highs is still under attack substantial retreat is not so far in my opinion.

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NZD/USD near highs but retreat likely

If we analyze NZD/USD weekly chart we can see that NZD/USD rate is near highs which were in place back in August 2011. But I
think it is unlikely that NZD/USD will break mentioned highs as recent NZD rate hike is well priced in. Furthermore if we analyze rate performance we can see that NZD/USD rate throughout several past years formed bigger or smaller waves and it is likely that such waves will continue to appear.
For more precise rate analysis daily NZD/USD chart was used. As presently it is …
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Alisitas avatar
Alisitas 31 Mar

:)

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rokasltu 10 Abr

3 weeks till contest end - rate is quite high at the moment but few days ago it was moving in downside direction. Situation is very unclear at the moment in this pair but I think some retreat will occur in coming days.

Alisitas avatar
Alisitas 10 Abr

good luck;)

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rokasltu 22 Abr

2 weeks till contest end - as predicted in previous update rate retreated and presently is at 0.8590 - little bit more than 100 pips away from predicted rate. But in my opinion rate will move downwards even further and approach to 0.84xx area.

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rokasltu 28 Abr

3 days till contest end - as predicted rate went downwards but still didn't reach 0.84xx area. Nevertheless rate is very near this area presently at around 0.8535. In my opinion rate will go down further during coming days as even rate hike didn't fuel rate spike and that suggests that NZD is overvalued and further retreat is expected.

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