Hello Traders,
I have come with good tidings.
Just like I am bullish on NZDCHF (see analysis below), NZDSGD is looking bullish in the near term.
Price has approached a key demand level and if you know anything about M & W patterns, look at the weekly timeframe for perspective. I expect price to make a retracement from this demand zone which will serve as a...
Hello Traders,
We have a case where price has retraced into the daily order block and has consolidated for some days now. However, I think NZDSGD is ready for the bearish move.
I will be monitoring the retracement into the indicated region on my chart for an entry in the 1-hour timeframe.
Follow for more updates like this.
Cheers,
Jabari
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NZDSGD analysis
As you can see, this currency pair has rejected its resistance. I expect this currency pair to grow to the previous level
Pattern: Lower Highs on 1W since February 2017.
Signal: Bearish as the price is entering the Lower Highs Zone (red Rectangle) from March 2019.
Target: 0.85000 (just above the 0.8450 May 2020 Support).
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Previous NZDSGD signal:
Hello dear subscribers!
On this chart, a drop in currency is clearly visible.
The price to resume its growth as soon as it reaches the level of support,
but for now it will continue to fall.
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This idea does not provide the financial advice.
This pair went through a rare two-day whipsaw-ish price expansion of 90+ pips each day. That is almost twice the 20-day ADR for this pair. Due to this I am anticipating a rather subdued price action today with 35-55 pips range on top of today is Friday and there are no risk events for New Zealand and Singapore.
I do see scalping opportunities (in 15 min or 5 min...
Pattern: 1M Channel Down.
Signal: Bullish as the price is close to the 1M Support and is making a Lower Low on the inner Channel Down.
Target: 0.9000 (projected contact with the MA50).
Pattern: Channel Up on 1D.
Signal: Bullish as the price broke the 4H Resistance and is replicating the Sep - Nov 2018 fractal.
Target: 0.9350 (1D Resistance). Risk seekers can extend to 0.9500 (1W Resistance) if they see bullish bias on the break out.
