USDSGD forex cross pair supply and demand analysis

Let’s have a look at USDSGD forex cross pair using the supply and demand glasses as technical analysis. This forex cross pair has created a very strong impulse on the weekly timeframe around 1.3497 price area that ended up becoming a strong demand imbalance where longs will be possible again. Using our supply and demand glasses it should be pretty clear that the underlying asset, USDSGD cross pair is now very expensive to buy, we do not, we should not buy after a strong rally, it goes against the core principles of supply and demand.

Since the bigger picture trend is bullish, we should be interested only in buying USDSGD forex cross pair, but not it’s not possible. You can use this supply and demand technical analysis to plan your trades in smaller timeframes using other strategies, or even taken shorts of the way down. USDSGD is now within weekly supply imbalance around 1.3870, no longs allowed. Planning your Forex trades based on supply and demand imbalances will place you on the right side of the equation more often than not. There are many Forex trading strategies, stick to one and master it.