USD/SGD's Positive Divergence Raises Prospect of a Rebound, Daily Chart Shows -- Market Talk

Dow Jones01-09

0213 GMT - USD/SGD's positive divergence on the daily chart raises the prospect of a rebound, says Quek Ser Leang of UOB's Global Economics & Markets Research, in a research report. Positive divergence is forming on the moving average convergence divergence indicator, and the positive divergence points to weakening downward momentum for the currency pair, the senior technical strategist says. Given the weakening downward momentum, any decline of USD/SGD is unlikely to break the significant support zone between 1.2700 and 1.2710. On the upside, a break above trendline resistance, now at 1.2875, would reduce the risk of further downside, the strategist adds. USD/SGD is 0.1% higher at 1.2857, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 08, 2026 21:13 ET (02:13 GMT)

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Given the weakening downward momentum, any decline of USD/SGD is unlikely to break the significant support zone between 1.2700 and 1.2710. On the upside, a break above trendline resistance, now at 1.2875, would reduce the risk of further downside, the strategist adds. USD/SGD is 0.1% higher at 1.2857, LSEG data show. 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Positive divergence is forming on the moving average convergence divergence indicator, and the positive divergence points to weakening downward momentum for the currency pair, the senior technical strategist says. Given the weakening downward momentum, any decline of USD/SGD is unlikely to break the significant support zone between 1.2700 and 1.2710. On the upside, a break above trendline resistance, now at 1.2875, would reduce the risk of further downside, the strategist adds. USD/SGD is 0.1% higher at 1.2857, LSEG data show. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 21:13 ET (02:13 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823414478.USD","symbol_name":"法巴经典能源转换基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2602310782","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2602310782","pubTimestamp":1767924780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0213 GMT - USD/SGD's positive divergence on the daily chart raises the prospect of a rebound, says Quek Ser Leang of UOB's Global Economics & Markets Research, in a research report. 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Positive divergence is forming on the moving average convergence divergence indicator, and the positive divergence points to weakening downward momentum for the currency pair, the senior technical strategist says. Given the weakening downward momentum, any decline of USD/SGD is unlikely to break the significant support zone between 1.2700 and 1.2710. On the upside, a break above trendline resistance, now at 1.2875, would reduce the risk of further downside, the strategist adds. USD/SGD is 0.1% higher at 1.2857, LSEG data show. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 08, 2026 21:13 ET (02:13 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.1","shortVersion":"4.36.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2602310782","isCrawlerRequest":true}