USD/SGD is an exotic currency pair. It has low volatility compared to majors thanks to Singapore’s strong, stable, yet tightly controlled economy. The highest correlation on intraday intervals is with pairs like USD/SEK, USD/DKK. This instrument is mostly suited as a protective asset due to its narrow range of movement.
Traders Union offers daily USD/SGD analysis and signals provided by our analyst Anton Kharitonov. Additionally, on this page, you can access indicator-based weekly and monthly price forecasts, as well as an USD/SGD online Forex chart to keep track of the current trend.
Disclaimer:
This article does not contain recommendations for buying or selling currencies. The USD/SGD forecast and signals are made on the basis of independent assessments as of the moment. Please consider the risks when making an investment decision.
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Live USD/SGD priceUS Dollar to Singapore dollar
Traders Union offers daily USD/SGD analysis and signals, presented by the leading Forex analyst Anton Kharitonov, as well as other experienced analysts. The USD/SGD analysis is based on a combination of current fundamental data, news, and technical analysis, providing traders and investors with valuable and well-informed insights.
USD/SGD indicator-based signals are 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 signals.
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.
Best Broker Recommended for Trading USD/SGD
Suitable for those who want to earn a profit from price fluctuations.
Best Broker Recommended for Holding USD/SGD
Suitable for those who want to invest for the long term.
Stay informed with Traders Union Forex signals, specifically designed for the most popular currency pairs. Discover the latest prospects of the market for these pairs, ensuring you are always up to date and well-prepared to make the most of your trading endeavors.
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.
Yes, because USD is the primary freely convertible currency in the world. However, the price is maintained by the Monetary Authority of Singapore within a tight range.
The stability of the Singaporean dollar is supported by the country’s strong economy, balanced trade, and conservative Central Bank policies.
For a pair that moves within a narrow range, channel indicators work well. Reversal patterns can be used on short-term time frames like M5-M15.
Since the currency pair has a narrow price range, scalping strategies are more favourable. Therefore, the best time frames are M5-M15.
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
