USD/SGD Signal - Nov. 20, 2012

Alp Kocak

Currency: USD/SGD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: USD/SGD pair has been following an ascending trend line lately. The pair continues to trade above the Ichimoku clouds on the 4H chart. I expect the pair will continue rising slowly but steadily. Since the stop and profit levels are relatively wide, I would recommend small position.
Recommendation: Long
Target Area: 1.2330 & 1.2390
Stop-Loss: 1.2180

USDSGD Signal 112012

Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

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