Forex United States Dollar Charts -

UsdSgd 4H

As discussed in the chart room last week I had a view that a turn would be happening in the UsdSgd, timeframes started to sync (for me at least) for a long. Longterm 4H, mid 1H and entry 15min. Long term wedge or descending trend line broken and inv H&S formed in a previous area bulls came into the market. Long taken and now monitoring for another place to add long if possible. Good trading to you Forexmospherians.

All the best JR 

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  • I concur John, great to have these conversations in the chat room with live Forex market analysis. Well done, brilliant Forex Market forecast, charts and excellent trading. Great hold at the DC, a real Master Class in Foreign Exchange Market Trading. Top Forexmospherian and senior FX analyst. A Forex trader well worth following.

    Best Regards,

    Sir Gissa

  • "Chart Room" I might be good at analysing charts but terrible at spelling
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Forex Market analysis relies on two types of analysis much like Stock Markets: Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more.

Jim M