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USD/SGD: the quote shows the price of one US dollar in terms of the Singaporean dollar. Quite an exotic instrument with medium volatility (80–125 pips).
Factors influencing the pair:
—balances of trade;
—economic indicators;
—interest rates set by the central banks;
—oil prices.
USD/SGD shows a correlation with USD/THB and USD/JPY.
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The trend is descending. The stock is traded in the range between 365 and 135 …
The triple truncated structure is forming (the reverse …
The downward wave structures are truncated, the formation of the reverse wave model …