US dollar to Singapore dollar Signals and Price Predictions

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Start Trading USD/SGD
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eToro - Best Broker to Trade USD/SGD

USD/SGD is considered an exotic pair, which could be interesting for gaining practical experience after working with easier-to-predict AUD/USD and CAD/USD pairs. The pair is described by a relatively small spread and moderate volatility. Unlike the EUR/USD pair, the impact of large speculative capital (market makers) is lesser for this pair, making slippages and shadows touching the stop orders less frequent. On the other hand, compared to commodity currencies, there are more fundamental factors that impact the USD/SGD price. The Asian session accounts for the highest trading volume of the pair.

1

Recommendation for USD/SGD on the 15M timeframe is Neutral.

2

Recommendation for USD/SGD on the 1H timeframe is Strong Sell.

3

Recommendation for USD/SGD on the 1D timeframe is Sell.

Starting from 2015, the currency pair has been moving within a relatively narrow range of 1.31000-1.45400. The chart shows short and long-term trends, and periods of increased volatility, which present an opportunity to use practically any strategy. How will the price act in the next few months? What are the best strategies in terms of risk and return?


In our article, you will be able to learn the latest price forecasts and signals on the USD/SGD currency exchange rate for 1 hour-1 week. USD/SGD forecasts and signals are based on the technical analysis indicators.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

USD/SGD forecast for 1 day, 1 week, 1 month

USD/SGD forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out USD/SGD price prediction for today.

NOTE!

Signals may differ on different timeframes. If you want to hold the USD/SGD for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.

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Best Broker Recommended for Trading USD/SGD

Suitable for those who want to earn a profit from price fluctuations.

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Best Broker Recommended for Holding USD/SGD

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Indicator Based Technical Analysis of USD/SGD

To find a better entry point, also find out what TradingView technical analysis tool signals for the US Dollar to Singapore dollar currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

USD/SGD Chart Online

What Influences USD/SGD Long-term Price Forecast

This currency pair “stands aside” from the rest. It is not a major pair, but exotic pairs mostly feature currencies of developing countries, while Singapore has one of the most developed economies in the Pacific region. The country is a business and economic region in Asia with strict monetary policy of the Central Bank. The central bank has enough instruments to keep the price within the required range.


Key factors impacting the USD/SGD price:

  • Policies of central banks: the Fed and the Central Bank of Singapore. The Central Bank of Singapore keeps the price of the national currency within a relatively narrow range, allowing the price to move inside the range under the influence of market factors and interfering when the price moves beyond the range. The bank does not disclose specific targets. A change in the discount rate of the Fed also impacts the price of the pair.
  • Macroeconomic statistics: GDP, inflation, unemployment, discount rates, etc. Trade and services sectors account for around 70% of the Singapore GDP; their statistics have the biggest impact.
  • International relations. Singapore has a small domestic market, with international trade accounting for most of the turnover. The key partners include Japan, Hong Kong, the U.S. and Malaysia. Stability of the national currency depends on partnerships with them. Also, the USD price depends on trade relations of the U.S. and partners. For example, trade wars with China have weakened the U.S. dollar against other currencies.

The USD/SGD price also depends on the investment climate and the moods of foreign investors.

Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

Is the USD/SGD pair suitable for novice traders?

Yes, provided that a trade has basic knowledge of technical and fundamental analysis, and real trading experience. The USD/SGD price is kept within a clear corridor, thanks to which traders understand the direction of the trend, support and resistance levels. The complexity of forecasting is that Singapore is less open than the U.S. and there is little fundamental information on it.

What are the best strategies for trading USD/SGD?

Almost any strategy is suitable: channel, trend line breakout strategies, reversal pattern trading, scalping, swing trading, etc.

What indicators of technical analysis can be used by novice traders for trading USD/SGD?

Instrument combinations are as follows:

  • For trend strategies: ADX and MACD, a set of moving averages with different periods, chart instruments and Price Action.
  • For channel strategies: Envelopes, Bollinger Bands with additional filters from moving averages, and Keltner channel.
  • For scalping: original indicators for M5-M15 time frames, information panels with specification of live spread, time till candle closing, etc.

Don’t be afraid to experiment! Use the demo account for that!

What are the risks of trading USD/SGD?

The key risk is the policy of the Central Bank of Singapore, which can interfere at any time. And there are also force majeure events in the global market.