USD/SGD Continuation Pattern!


USD/SGD dropped right after the US inflation data was released but it could still come back higher. It’s traded at 1.3419 at the time of writing after retesting the daily pivot of 1.3414. An upside reversal is somehow expected after breaking above the major downtrend line.

The pair has developed a triangle on H4 which is seen as a continuation pattern. The rate has changed little in the short term after a new rejection from the support area. It could move sideways before confirming a new entry.

USD/SGD H4 Chart Technical Analysis

USD/SGD stays right below the weekly pivot of 1.3420 and under the daily R1 (1.3427). It’s trapped between the descending pitchfork’s upper median line (UML) and the 50% Fibonacci line.

The area between 1.3406 and 1.3389 is seen as a strong support zone. It could turn to the upside as long as it stays above it. Only dropping and stabilizing under this area could invalidate the bullish scenario.

An upside breakout from this triangle and through UML may validate a new leg higher. Actually, jumping and closing above 1.3437 today’s high could attract more buyers in the short term.


The current consolidating above 1.3386 could bring a new long entry if the rate jumps and stabilizes above 1.3437 high.


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.