AUD/SGD 1H Chart: Channel Down The Australian Dollar is trading against the Singapore Dollar in a short-term descending channel, which consists of four reaction highs and three reaction lows and, thus, might be broken already by the end of the week. Historically, the currency rate made multiple attempts to break to the top. However, each time these...
I expect price to close below the moving average for the month of September. I'll be looking for bear signals on the daily time frame. Entries will have a stop loss but no take profit targets. Trades will be closed when monthly candle finishes painting.
The Swiss Franc is trading in a channel down against the Singapore Dollar. The given formation was created when the rate bounced off the bottom boundary of a longer-term falling wedge and continued to move in the same range even after this patter was breached. From theoretical point of view, the Franc should have appreciated after the breakout; however, given the...
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...
I'm willing to take long positions on this on the smaller time frame trades. If the trend lines break, I will reconsider my strategy. Any comments on technical views or fundamentals are welcome in the comments. Thank you.
GBPSGD is in lowest prices in year, but price action still suggests there's still a wave 5 down, which will give us a higher (wave3-to-wave5 vs RSI) divergence to signal the reversal.
Following a five-week appreciation against the Japanese Yen that resulted in the formation of a rising wedge, the Singapore Dollar breached the given pattern to the downside. Consequently, the last wave downwards formed a short-term channel down in which the rate has been trading since. From theoretical point of view, the Singapore Dollar should make a retracement...
could be a forming SHS here ....again a nice rsi divergence while price formes a higher high if we see the SHS completed and price starts to break its neckline we can get ready for a short ....but its a IF if price goes up we need to reavaluate the the situation and of course keep en eye on the Trendline .... reacting to situations is the key ...not predicting
Down is the only way to go. Bearishness is still strong... Price will reach 1.36 in days to come. DO NOT LONG ! Trade with care..
Watch the top for a flat channel formation. If price action confirms that then it will be a good trade.
Hello guys. Here is a trade for usd/sgd. I have put in all description in the chart.
Deciding moment for this pair now, Shall it hold at this level, it will rebound up back to above 3.1xx level Shall it break, it will fall back to below 2.9xx level
As the Indices Team alluded to in the previous report, the Singapore free index has been in a channel since 2009. On monthly candles, it has broken further out of the Keltner Channel on the back of a bullish run since late 2016 showing promising signs for the indices long term growth. This run is fuelled by improved exports in Singapore. Looking at daily candles,...
Expecting Euro to be in full control in the second half of 2017 and 2018. I think the move up is the wave C of the monthly trend correction. There is a big chance this C wave is going to extend and form the first wave of the new long term uptrend. Buying the dips seems very tempting.
Extension of Primary 5 with 50% consolidation in form of ABC will conclude the sideways and extension towards 1.48 and above. all DXY pairs are tend to trade in same directions. Good Luck. Trade your own plans.