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USD/SGD - Overdue For Long-Term Correction

The Singapore Dollar has gained tremendously against the US Dollar since the beginning of 2002. Its 2-year side-ways movement gives a high probability indication that it is soon about to reverse. 1.45 created a 3rd scalar analysis bottom which was formed in the beginning of 2009. If indeed this pair reverses, that level has the highest probability for retracement on a 500-pip scale. If the pair continues to decline, 1.25 (the 4th scalar analysis bottom) will indeed be re-tested as this, then, would have the highest probability. SEE CHART HERE.