OctaFX | OctaFX Forex Broker
Open trading account

USD/SGD MACD indicates downside pressure

The failure of MACD to test recent highs indicates that USD/SGD could be facing downside pressure soon.

Over the past two weeks, it has become evident that a bearish divergence between USD/SGD spot and the MACD has developed, which typically implies weakness ahead. Additionally on a 4-hour chart, we can see that the MACD line pushed below its signal line, a further bearish forewarning.

US: 2015 rate hike, a step away – Investec

Research Team at Investec, notes that markets took another step away from a 2015 US rate rise after Friday's Non-Farm Payroll release saw a miss on the headline job creation number and revisions down to the prior release.
Read more Previous

AUD/USD clears overhead resistance

AUD/USD clears overhead resistance
Read more Next
Start livechat