AUDSGD Timeframe: 1D Direction: Long Confluences for Trade: - Bearish candle formation (Pin bar formation) - Slowing in weakening momentum - A rough Elliot Wave count should have current price levels completed a Wave 3 and may head upwards to do a Wave 4. - Double bottom formed recently - A second double bottom may form, look out for it's formation at...
The previous TP = 0.99691 was hit as the 1W Channel Down (RSI = 33.366, MACD = -0.011, Highs/Lows = -0.0118) even tested our maximum (at the time) downside spot of 0.97295. A new Channel Down on 1D was developed (RSI = 37.323) that is aiming at a near 0.9555 Lower Low. Short, TP = 0.96100.
Upside risks dominated the AUD/SGD currency pair, thus sending the Australian Dollar 0.92% higher against the Singapore Dollar. This gradual increase in price began at the beginning of October when the rate reversed from the bottom boundary of falling wedge. If looking at the pair's current movement, it has breached the 55-, 100– and 200-hour SMAs on the 1H...
This currency pair is in a downtrend for a few years, but now we see an opportunity to profit on the rise. We expect AUDSGD to go up at least 100 pips, but maybe more. If you look at monthly/weekly timeframe, there is a strong support which withstood the pressure and now the market is going back up. AUDSGD is currently creating a formation double bottom (with...
As long as the 50 ema on the 3 hour timeframe holds as resistence, this move is active. As soon as the current support line is broken, we can expect this to fall At the moment being, it is looking more prominent to fall down as it's been in a consolidation for a few days and the long term trend is still bearish (daily and weekly). If it does make a pullback up,...
We have a few confluences on the AUDSGD pair at the moment - RSI is showing a divergence; Price is losing momentum to the downside; We have a completed Bat pattern; and Price has completed a ABC structure. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very...
The Australian Dollar has been depreciating gradually against the Singapore Dollar since the middle of August. This movement has been bounded in a descending triangle. Assuming that this pattern is to hold intact for a couple of sessions, the Australian Dollar should gain momentum and aim for its upper line located near 1.0000. Then, most likely a breakout south...
AUDSGD is trading near a Lower High on the 1W Channel Down (RSI = 43.936, MACD = -0.009, B/BP = -0.0054). 1D remains neutral (RSI, STOCH, ADX) and bullish on Highs/Lows = 0.0017 as the price is trading above the intermediate line (blue dots). This suggests that on the long term the downside gap is sizable. Our short TP is 0.99691.
After testing the senior channel near 0.9970 early in May, the Aussie gained momentum against the Singapore Dollar and began moving higher in an ascending channel. This move has been gradual with the pair being located near the 1.02 mark at the time of this analysis. It is expected that the pair continues to approach the upper boundary of the senior channel...
AUDSGD Sell Idea @Monthly Supply Zone(1.0422 - 1.0638) Sell Limit: 1.0402 Stop Loss: 1.0654 Take Profit: 1.0098
Doing this for friends, and I don't really trade this pair, at least not yet. :D I'm looking at 0.9828 as the major support level and if you are waiting for lower rates, ie stronger SGD over AUD or weaker AUD over SGD I would pretty much wait for this level. The rate should achieve this level within this month. Disclaimer: Information or opinions provided herein...
From the weekly chart on the left. AUD/SGD extends its bearish movement in the yellow highlighted area. We found demand zone is between 0.9841 and 0.9928. From ichimoku analysis, we found two strong support levels by chinkou span in the past. The demand zone is between 0.9877 and 0.9923. Therefore AUD/SGD will fall one more percent.
AUDSGD Buy Idea @ Demand Zone 1.0062 - 0.9716 Buy Limit: 1.0062 Stop Loss: 0.9710 Take Profit: 1.0400
AUD/SGD continues to trade in a long-term descending channel. The pair, however, has diminished its trading range, as it failed to overcome the 1.06 mark late in January. The Aussie has been since edging lower in a junior channel and was consolidating near 1.0124 at the time of this analysis. This level is a 2017/2018 low. The pair trading sideways for the last...
Got to know a wonderful lady today and we have quite a discussion on AUDSGD. Confession to that, I've never looked at this pair in the past 13yrs of my trading journey. But a chart is a chart, this is my analysis. As long as the market didn't break above and close above 1.0600, I see that the first bearish move will hit 1.0144 and the final target for this move...
The Australian Dollar was trading in a channel up against the Singapore Dollar for two months. During the last week, the Aussie failed to reach its upper boundary several times —a move which was followed by a soon breakout near the 1.0503 mark. At the time of the analysis, the pair was trading near 1.0500. In case it succeeds ate reversing to the upside from...
The Australian Dollar was stranded in a six-month channel down against the Singapore Dollar prior to breaching this pattern early January. This breakout occurred after the pair reached the 2017 low of 1.0142 on December 7. As a result, it has since managed to recover some of the previous losses and return at mid-October level. The Aussie has diminished its...