DXY

DXY is still in a range 96.60 - 95.60.

Price is at the support now, though I still like it at the neckline of the double bottom for a long.

If price breaks resistance, I expect a test of 97.00 then 99.00 on a flag extension.

Take note that it is near the end of the month of June.

I have no positions currently.

eurusd and dxy

A look at the eurusd and DXY.

 

The DXY looks like the usdchf, support is at 95.90 and resistance at 97.70 - 98.00, which coincide with fib extension to 1.618.

The eurusd is in a longer term channel. support 1.0915, resistance 1.110 to 1.1170. looks like a sell on rallies.

I am keeping away from the gbp, as it is very volatile.

USDSGD

A look at the USDSGD

After the high on 2016-01-08, the USDSGD has been trending down and broken the rising channel.

A quick look at the fibonacci retracement from 2015-04-27 to 2016-01-11 high, we are at the 0.764 retracement.

From the recent high at 2016-01-08 to 2016-02-11, we are at the 1.618 extension.

On the 4hr we have started to make higher lows,on the daily there is a pennant formation and on the monthly, we are making a very long wick doji after a big bearish candle.

If we are to go long here, risk is below 1.3400 for 1.3680. 90 pips risk for 190 pips. 1:2 risk:reward.

Looking at DXY

We are close to support at 92.70, which I think a test will coincide with a short break to below the support.
So I will look for lower at 1.3300 for USDSGD where there is very strong support for a long.

Interim support is here, and I am not yet convinced on the turn yet.