AUDSGD approaching support at 0.92762 where it could potentially rise further to 0.93035.
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HERE IS MY SHORT IDEA FOR THE UKOIL / BRENT CRUDE OIL .
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THE COURSE WILL PROBABLY ROTATE HERE.
THERE IS THE POSSIBILITY OF A STRONG REACTION AT THE SUPPORT ZONE.
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AUDSGD bounced off 0.93027 where it could potentially rise further to 0.93964.
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Midterm forecast:
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9520 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 0.9270 on 10/24/2019, so more gains to resistance(s)...
Midterm forecast:
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9520 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 0.9270 on 10/24/2019, so more gains to resistance(s)...
The pair is trading within a 1W Falling Wegde (RSI = 38.277, MACD = -0.007, Highs/Lows = -0.0017) within a wider 1M Channel Down (RSI = 32.243, MACD = -0.023, Highs/Lows = -0.0181). Both patterns call for a new Lower Low which should hit at least 0.92000.
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The green areas are Target
Purple ranges are important and strong
Support and resistance are specified
Time range specified
Price is within channel
Look at the trend lines
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
The Australian dollar initially tried to rally during the day on Friday but continues to run into a lot of pressure against the Singapore dollar. This is a proxy for risk in Asia, so it makes quite a bit of sense that we will roll over from here as there are a lot of concerns when it comes to economic growth in Asia as the US/China trade situation continues to...
The Australian dollar continues to fall against the Singapore dollar as we have developed a reasonably reliable downtrend channel. This makes a lot of sense, because the Singapore dollar is quite often used as a bit of a safety currency in Asia, while the Australian dollar is so highly levered to the Chinese mainland.
At this point, you can see that the 50 day...
It is not really obviously that which side is in charge of the market for the last few weeks. However, when we take the closer look at D1, it seems like the Seller has take back control with a big down bar. Now our job is waiting for the pullback around 0.951 for the entry with SL above the nearest high on the D1 which is 0.955
The Australian dollar initially tried to rally on Monday but continues to sink against the Singapore dollar. This is essentially a “risk off” trade, as the Singapore dollar is basically the “Swiss franc of Asia.” With that being the case, this shows that risk appetite is struggling, at least when it comes to all things Asian. That’s not a huge surprise,...
![AUDSGD: [AUDSGD] [FOREX] A setup for short?](https://s3.tradingview.com/m/mTxX57vD_mid.png "[AUDSGD] [FOREX] A setup for short?")
