USD/SGD Trading forecasts and signals

American Dollar/The Singapore Dollar (USD/SGD) is not the most common, but also not in the full sense an exotic Forex instrument, characterized by significant, but low volatility.Dynamism, relative predictability and acceptable spreads (5-6 points) make this pair suitable for trading not only by professional, but also by insufficiently experienced traders.USDSGD forecast for today onlineThe forecast for today is based on more than 15 technical analysis indicators on 4 timeframes. The strongest signals with the prefix “Active" – Actively sell or Actively buy. It is believed that the strongest value is at the moment when a repeating signal with the prefix Active appears on all segments of the graph:An important difference of this pair over many other exotic instruments is the presence of a much larger amount of information due to its wide dissemination among traders around the world. But you should also understand that your own analytics and forecasts can always be more accurate and less risky.USDSGD online exchange rate - Live chart with indicatorsOnline chart, signals and forecastsGeneral characteristicsClassic "exotics" are considered only sparsely distributed pairs, where one of the currencies belongs to a developing country, and the other to the United States or one of the highly developed countries. Singapore has long been a highly developed state and does not belong to the "third world" countries, and SGD cannot be fully called an exotic currency, so many traders call the USD pair against SGD "semi-exotic", but otherwise it is a regular instrument with a direct exchange rate (which is clear from the location of the USD ticker on the left side).The main currency is the US dollar, and the convertible currency is the Singapore dollar. The output of quotes is standard up to 4 decimal places (1.4093) (on most charts) or up to 5 where it is customary to display tick movements (1.40930).Today it is difficult to call USD/SGD a highly volatile pair. Passing an average of 85-120 points per day, it only slightly exceeds the most popular currency market pairs, such as EUR/USD, GBP/USD, USD/JPY, etc., the indicators of some of them have recently even been fully commensurate (for example, according to the results of the same 20-week analysis of the volatility of the site en.investing.com, Euro / Dollar on average can pass by 80-100 points per day).A 20-week volatility analysis for this currency pair shows that Wednesday is the most stormy day, and Monday is the least. Within the day, the most active segments are the Asian and American sessions, although the European trading is also quite lively. AnalyticsThe most powerful state in economic, political and military terms is still the United States. It is not surprising that the largest contribution to the American economy is made by trade and the services sector (up to 79.6% of GDP), but industry is still of great importance, providing about 19.2% of income. Agriculture accounts for less than one and a half percent of US GDP. Domestic and international tourism also plays an important role for America, but on a general scale, the share of income from it for the economy is not so great. Of great importance for America is international trade, in which the main partners for the United States are: Canada, Mexico, China, the EU.Despite its tiny size and location in Southeast Asia, Singapore is a highly developed state and has a noticeable impact not only on the region in which it is located, but also on the whole world. By sectors, the economy of this island city-state is as follows:Like the United States, the first place is occupied by the service sector, which accounts for about 73.4%;Developed industry gives Singapore 26.6% of GDP (high technology, military-industrial complex, chemical, shipbuilding);Agriculture, in comparison with the total volume, practically accounts for nothing at all (no more than 0.1% of GDP).For Singapore, with its tiny domestic market, international trade is not just important, but vital. The main trade and economic partners are: Malaysia, USA, Japan, Hong Kong.Read more: USD/JPY: chart, forecast for today, currency pair overviewThe US Dollar has the greatest direct correlation today against the Singapore Dollar on the D1 chart with:USD/THB – 93,5%,USD/JPY – 93,5%,USD/PLN – 87,9%,USD/NOK – 86,4%,EUR/NZD – 85,7%,Euro/Gold – 82.8%,Euro/Australian - 82.6%,Dollar/Random – 81.7%,EUR/NOK – 80,7%The pound against the Aussie is 79.6%.As for the inverse correlation, it is most present in USD/SGD with such pairs as: AUD/USD - -92%, gold - -91.4%, platinum - -89.8%, silver - -89.6%, Hong Kong index HK50 - -87%, as well as New Zealander against the Dollar - -85.1%, New Zealander against Franc - -84.4%, AUD/CAD - 82.9% and AUD/CHF – -82.5%.Any competent analytics must take into account the main factors that most affect the course of this pair:Analysis of prices for oil and petroleum products;Trade balances of both countries;Economic indicators of both countries;Changes in Central Bank rates;The growth (or decline) of investments in the Singapore economy.Read more: GBP/USD exchange rate (Online Chart), forecast for todayThe tool lends itself perfectly not only to fundamental, but also to technical analysis, and therefore it is well suited not only for indicator-free trading, but also for fans of technical indicators, as well as for trading using Expert Advisors.Features of the USD/SGD currency pairBy the nature of its movement, USD SGD is very similar to another Asian-American pair - USD/JPY: the same smooth and long trends lasting for years, and the relative predictability of price dynamics (especially in comparison with other exotics).This not only facilitates the construction of forecasts, but also, unlike hyperactive pairs, allows you to trade comfortably, both in the long and medium term, and inside the day. At the same time, the requirements for the deposit size are significantly reduced, both directly due to smaller price fluctuations, and due to the fact that stop orders do not need to be set excessively large, and the price does not knock them out as often as on highly volatile instruments.Indicator-free analysis strategies such as Price Action and its varieties such as the Jaroux method work well on this pair. For less experienced traders, simpler strategies, such as "Flat breakdown" or elementary trend trading, are quite suitable. As noted above, the trends for the pair are usually long, this applies to both global and short-term price aspirations.It has long been noticed that by choosing a direction at the opening of an Asian or American trading session, the pair can follow it relatively smoothly throughout the day and even for several days in a ...