Forex cross USDSGD forecast, longs off weekly demand imbalance
Forex USDSGD US Dollar versus Singapore Dollar has reached a very strong weekly demand imbalance. We are only allowed to go long on USDSGD Forex cross pair using a supply and demand strategy and approach.
We are expecting price to rally much higher reacting to strong weekly demand imbalance located around 1.3587. We should not be thinking of selling USDSGD against such a strong imbalance. We don’t need any indicators to tell us we should be thinking of going long. You are probably trading other Forex strategies and not even looking at the weekly timeframe, so you are probably thinking of going short unaware of this strong imbalance.
We are expecting price to rally much higher reacting to strong weekly demand imbalance located around 1.3587. We should not be thinking of selling USDSGD against such a strong imbalance. We don’t need any indicators to tell us we should be thinking of going long. You are probably trading other Forex strategies and not even looking at the weekly timeframe, so you are probably thinking of going short unaware of this strong imbalance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.