Hey, USDSGD is a pair that I don't usually trade but observe occasionally at it is a counter that aids the decision of my withdrawals.
If you are looking to withdraw the level at 1.2997-1.3107 candle close on the monthly chart is quite important, that level needs to hold if not a potential of it to fall to 1.2762 is possible.
Traders like myself will have to...
If you are looking to change and hold USD for your business or personal agenda, today USDSGD is giving a relatively good rate.
Well, I'm not saying that USDSGD is not going to drop further but if you in need of using it, it's quite a good rate.
Bullish Bat setup for a trading opportunity and this can attribute to the US NFP to give a final push to the entry price, the PRZ and PEZ.
I don't usually trade USDSGD, but the stats on my end shows well when it works on Bat Pattern on the daily chart.
I will be watching closely for this setup and decide if to engage the trade.
Business owners who like to pay...
the Euro Rate Continuation Swing High from Support Level at 1.0880 - the Rate may contain an additional 160 pip higher - Before Price will return to the 78% bar at 1.0801 at this stage within the trend this is only probable - There are two opinions possible here - Or the Rate may return to further highs - Seen at 1.1547 as the current monthly chart cycle a little...
Today is 1 of the better rate to change USD to SGD. On the daily-chart(left) candle did break and close above the resistance line(red line), although the next bearish candle came down and close below we had an indecision candle that typically I place it as a potential reversal candle.
On the weekly-chart(right) is a Head&Shoulder setup, yes a potential of heading...
I'm waiting for strong SGD and weaker USD to be in my favour for some exchange rate decision and such analysis are also extended to you. If you are waiting for a stronger SGD, wait for it to hit 1.3502 before you exchange it to USD.
Such movement if it is going to happen, it is best to happen within 6weeks.
Make the analysis all by yourself and do not overtrade....
A friend of Forex100 asked when is the better time to exchange her SGD to AUD.
Sadly, she needs it by Tuesday 20 Nov 2018. Our take, change it today and you may like to short the currency to earn back the difference.
If you have questions like this just #askForex100, every week we will be choosing 1 question and share our anlaysis on your question, however,...
If you are using MYR to change for USD for this week, then get it done 1st thing in the morning tomorrow. Might not be the best but definetely 1 of the better time for this week or next week range.
AUDNZD on daily chart
Indicators are on the downside
Price fell on bollinger bottom band
In this case, we can be expected to the decline
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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Stay short EurGbp or, if you prefear, long GBP!
Since the macro economic data started to improve, the pressure on the exchange rate has became stronger. The beginning of rates normalization will make the UK's currency more expansive versus the Euromoney.
At the same time, the chart seems to confirm the bearish view: It is unlikely (given also the macro-analysis)...
Intraday Analysis Overview
Taking Points
- Technical Strategy: Long@.8380
- Trendline Broken On Daily Chart
- Candlestick Pattern: Morning StarTrend is down, but chart showing possible pullback, and this is considerable counter-trend.
On elliottwave, we are able to count five waves down on NZDUSD and considerable we will be in wave 2 / wave B. Price brokendown...
