USDSGD_chart 18.11USD/SGD (H1) price approaches the level of previous high, where we have observed a dynamic supply reaction. Current upward move have quite big range and despite ongoing uptrend, there is a possibility of correction near such important level.

It is worth to observe it and look for signals indicating corrective movements.

USDSGD_screen 19.11

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.