After reaching a three-year high of 1.6427 early in February, the common European currency began trading in a new wave down. This movement has been bound in a descending channel but with a diminishing trading range. Technical indicators demonstrate that the pair is likely to edge higher and approach the prevailing junior channel down during the following week....
The start of a correction is very likely after the completion of a Wave 5 bullish cycle. Weakness and divergence (weekly chart) is setting in just shy of the price projection at 1.6480. Dipping below 1.6190 signals the start of a correction back to 1.5870<>1.5790. Cover longs and/or enter short if your risk appetite allows for it. Primary trend:...
The Euro has been appreciating against the Singapore Dollar in a two-month ascending channel. On February 2, the pair reversed from the monthly R1 at 1.6443— which is also a 2016/2018 high— and began edging lower in a new short-term wave down. As apparent on the chart, the pair bounced off the weekly PP today and fell sharply past the 100– and 200-hour SMAs near...
The common European currency is trading in a channel down against the Singapore Dollar. The upper boundary of this pattern was tested mid-November after which the Euro initiated a new wave down. This gradual decrease in value, however, was disrupted near the 1.5870 mark when the Euro reversed to the upside once again. Along the way, the pair managed to surpass...
The common European currency has been trading in a downward-sloping channel against the Singapore Dollar for the last two months. The second bottom confirmation was provided late on Friday when the rate bounced off the 1.5828 mark. The massive plunge that began on October 26 sent technical indicators in the strongly bearish and oversold territory. These signals...
The Euro against the Singaporean Dollar has been trading in a channel down for the past seven weeks. The last up-wave was initiated late in September when the rate bounced off the monthly S1 at 1.5940. The subsequent gradual appreciation resulted in the formation of a channel up. Given the characteristics of the senior pattern, it is likely that the Euro tries...
EUR/SGD 4H Chart: Channel Down The common European currency is losing value against the Singapore Dollar in one month long descending channel whose formation represents a rebound of the pair from the upper trend-line of a preceding ascending channel. The short-term target for rate is expected to be an intersection of the monthly S1 at 1.5959 and the bottom edge...
EUR/SGD 1H Chart: Pennant The common European currency is advancing against the Singapore Dollar in a little pennant pattern that formed in the result of announcement of information on the US CPI last Friday. Since the pair is moving in a continuation pattern, then breakout is expected to occur in the northern direction. The length of the subsequent...
EUR/SGD 1D Chart: Channel Up The common European currency is gradually advancing against the Singapore Dollar in a long-term ascending channel. The pattern started to form after the currency exchange rate made a rebound and ended to move a six month long horizontal movement. One of the features of this channel is that, initially, it gained two...
Such a clean looking chart. A break up north on trend line resistance would set up a great long.
To ride the wave of EUR shorts, this might be a quick profit to work with. If it breaks 1.151500 which its dancing around currently. It's not a popular pair and SGD in general, so be cautious if entering.
Here we have a beautiful high probability bearish setup A nice bearish Bat pattern (yellow) Potential Minor price rejection at 1.56785 Potential target 1 at the Minor price at 1.54000 Trade safely guys ! (For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought/sold)
Here we have a beautiful high probability bullish setup A nice bullish Bat setup Potential Major price rejection at 1.50000 Potential target 1 at the Minor price at 1.51000 Trade safely guys ! (For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought)
Expect to see an attraction toward 1.3280-1.3350 region before the strong reversal.