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  • USD/SGD (H4): Reaction under key resistance
  • Forecast: Moving lower from current resistance zone, targeting previous lows
  • Alternative Scenario: Another test and defeat of resistance near 1.3400
  • Comments: Correction stopped below key resistance zone (1.3400)
  • Payout: PUT @ 1.3400-1.3350 à 73% return expiring at 09:00GMT

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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.