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Forex

$AUDSGD . Next target 1.217

AUD/SGD continues to fall and since it breaks its Weekly kumo support in April

For now, there is no indication that it is consolidating.

Next target will be its low from Oct last year at 1.217

Categories
Forex

$AUDSGD . Watch Support

The AUD/SGD continues to show weakness .

Target continues to be 1.24 and 1.21

Categories
Forex

$AUDSGD (AUD/SGD). Ichimoku Weekly Bearish Cross?

Previous chart for AUD/SGD has shown that AUD is headed downwards as it continues to break support at 1.295

On the Ichimoku Weekly Chart, we can now see that :

1. A bearish Tenkan sen – Kijun sen cross is forming

2. The kumo support below is very thin; suggesting that it is very week

Given the above 2 points, it is likely that AUD is poised to go down further with a target of around 1.242