USD/SGD continues to rise after the recent breakout of the high-quality Triangle chart pattern that was previously identified by Autochartist on the daily charts. USD/SGD is expected to rise to the target level 1.2844 in the nearest time. This Triangle breakout is aligned with the strong uptrend that can be seen on the daily USD/SGD charts. Autochartist rates the strength of this breakout at the maximum, 10-bar level – which adds to the likelihood the pair will continue to rise in the nearest time.
USD/SGD" title="USD/SGD" height="242" width="474">
As you can see form the next chart, the above Triangle stands within the larger Ascending Triangle from last year. USD/SGD is expected to rise to the upper resistance trendline of this Ascending Triangle – which stands close to the target level calculated by Autochartist for the aforementioned Triangle breakout (1.2844) – which confirms the above forecast.
USD/SGD Is Expected To Rise" title="USD/SGD Is Expected To Rise" height="242" width="474">