OctaFX | OctaFX Forex Broker
Open trading account

SMA cross inflicts damage to USD/SGD chart

An important moving average crossover has occured on the 4 hour USD/SGD chart.

A press of the 50 moving average below the 200-period is capable of changing the USD/SGD price trend from aimless meandering to confidently bearish. Absent a new meaningful throw-back towards the 200 SMA, punters will sell the break of recent lows. Nevertheless, the looming SMA cross could be used to assist the bear force on such a short-term upward movement.

Fed Fischer: Nonfram payrolls still on track - Nomura

Analysts at Nomura Bank noted the recent remarks from Fed Vice Chair Fischer.
Read more Previous

EUR/GBP hits 8-month highs and retreats

The euro remains in positive territory against the pound but it moved off daily highs. Earlier EUR/GBP climbed to 0.7492, hitting the highest level since February and currently it was trading at 0.7455/60, up 0.85% for the day.
Read more Next
Start livechat