The Euro has been depreciating against the Singapore Dollar since the end of September when the pair reversed from the upper boundary of a long-term channel at 1.6080. Currently, the pair is testing the lower channel line located at 1.5691. Given that the rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected that a breakout south from the channel...
Profit Targets: 1.57600 1.58000 Stoploss: 1.56000 Have a nice day, Berk
The 1D Channel Down (RSI = 43.604, Highs/Lows = -0.0005) is approaching 1.57500 which is a Higher Low on the 1W Channel Up (RSI = 47.255, Highs/Lows = 0.000, STOCH = 63.835). That is a prime long entry and can be split for three targets: the two previous Higher Highs = 1.6000 and 1.6110 and the next projected Higher High = 1.6200.
The Singapore Dollar has been depreciating against the European common currency since the end of September. This movement has been bounded in an ascending channel. As apparent on the chart, the exchange rate is also trading in a long-term ascending channel. The pair has already reversed from the upper boundary of the senior trend at 1.6080 and currently is...
Over 3 years of price action in the EURSGD is captured in this analysis from April 13, 2015 to present date. Commentary is provided based on the numbers indicated on the chart. (1) Current, active resistance in the EURSGD with the most recent test occurring on February 5, 2018. The bearish trendline further extrapolated is expected to offer future resistance,...
Poor economic data, break of support. Aggressive traders can enter now with a wide stop. Conservative traders can enter on the retest of resistance at 1.59800. Aim for 3:1
The EUR/SGD exchange rate has been trading in an ascending channel for the last two months. This pattern was formed when the pair reversed from the senior ascending channel at 1.5627. Given that technical indicators still remain bullish in the short term, it is likely that the Euro goes upper the following days. A possible target is the upper boundary of the...
Next move further down to last low as the pair is still looking for a strong support zone. Potential to occur at present time: 75-80%
EUR/SGD is currently in a short term consolidation zone. This is a continuation pattern. As EUR/SGD breaks its current support, it will continue its bearish trend. However, if it fails to break its support and shows strength to retaliate, the move is cancelled until further confirmation.
The European common currency has been ranging against the Singapore Dollar since late June. This movement has been bounded in between the 38.20% and 50.00% Fibonacci retracement lines at 1.5860 and 1.5972, respectively. This movement sideways is a part of a larger-scale ascending channel near whose bottom boundary the rate was trading at the time of this...
EURSGD showed a sign of strength last week and continued today. I will wait for it to retest the trading range and enter a long trade. Entry: 1.57675 TP1: 1.61875 SL: 1.5686 This is a 1:5 risk ratio trade. Do your own research before risking any money.
EURSGD is in front of a crossroad as the 4H Channel Up (RSI = 55.679, Highs/Lows = 0), met the 1.59857 Resistance (early May) and was rejected, but hasn't broken the pattern yet. If it crosses 1.58909 then the bearish reversal is confirmed. If it crosses the 1.59857 Resistance, then the bullish continuation is confirmed. Patience in order to enter the best...
EURSGD is forming a rising wedge. Cheers!
Analysis for swing traders Current trend is up-down-up so the next swing direction is down. Swing traders look for swing short with down continuation since Feb. Overhead shadows 1 2 and 3. Look below for explanation on shadow. Analysis for day traders Day traders look for long continuation in line with current white week candle. Notes: Technical Analysis...
EUR/SGD has been trading in a descending channel during the past seven weeks. The rate breached the prevailing senior channel along the way and fell to a new one-year low of 1.55 on Wednesday. This level corresponds to the bottom boundary of the aforementioned junior channel. The pair has since recovered some lost positions and is gradually moving towards the...
The common European currency has weakened against the Singapore Dollar since early February when the pair reversed from the senior channel at 1.6450. This mark is likewise the highest price level since mid-2014. The strong bearish sentiment which prevailed during the last week of April forced a breakout from the aforementioned long-term pattern. The rate has...