AUD / SGD is trading in an Uptrend Channel. Expect AUD/SGD to retrace back to about 1.06 (up trend channel support) before continue to move towards the next support turned resistance at about 1.11.
Original Post from https://mystocksinvesting.com
Wheat looks like have found a bottom between 390-400 after forming a Multiple Bottom, a trend reversal pattern.
Currently Wheat is trading within an up trend channel, and also forming a “Higher High, Higher Low” up trend pattern. Expect Wheat continue to move up to 1.618% Fibonacci Expansion target of about 511.6.
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In order to confirm a long term trend reversal, Wheat has to break the 600 resistance.
Original Post from https://mystocksinvesting.com
AUD / SGD has started an up trend after finding a bottom at 0.98282. There are a lot of rooms for AUD to move up against SGD.
The AUD/SGD trend reversal may be telling something:
source: tradingeconomics.com
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