This is one of my main themes for my macro portfolio. I am looking to see more buyers for GBP and also we see same weaknees in Asia region which I express with this trade idea.
I am long DXY 0.55% index and FX_IDC:USDSEK -0.05% . Now adding more exposure via FX_IDC:USDSGD 0.04% . General theme USD strenght with asia weaknees coming.
looking for a short after confirmed break of the trendline/channel
AUDSGD is near historical lows but current price action is showing the pair in a sideways consolidating channel.
lets see if we can get a short entry after trendline and little ressistance zone break.. without confirmation its just gambling... Kenny Rogers will agree with me ;-)
Cad-Sgd Sell Setup with one is trendline plus fibbo setup and 2nd is harmonic setup
like to short this pair after leaving the zone again...i prefer a TL touch before.. TL is from daily TF
Before I begin I would like to thank anyone who provides feedback. Observing the D and 4h timeframes of SGD/CHF, there is a rising wedge taking place and we are currently testing the lower TL. The price also just tested the .618 fib level (.7150). We just broke a key price area of .718 and this can act as a resistance point . If this hits resistance and the wedge...
A channel formation can be seen on the 1D chart. Price has bounced off the upper channel, moved downwards and is now retracing back up Entered 1/2 position the 0.618 RETRACEMENT OF XA, set a limit order for 1/2 position at the 0.786 RETRACEMENT OF XA Fib level coincide with structure levels and RSI divergence has occurred! Perfect example of my ideal entry!...
Jezuz FUDGE!
Target 1.32, channel support. All evidence points to a huge dollar tank ahead. Gold: EURUSD:
Better than expected employment data from Australia this week boosted the AUD against most currencies. Due to the previously weak USD, AUDUSD had already moved into a bullish sentiment zone, and this weeks data adds to that conviction. We note however a potential trade setup for AUDSGD as the good Aussie data accompanied by the easing move by MAS allowed the pair...
Investors flee the riskier Singaporean Dollar for the "safer" United States Dollar.
This level held pretty well in a triangle since I last posted about SGDRMY, it does look like we are about to see a much higher SGDRMY rates at a projected range of 3.25 - 3.29 .
With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements. The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon. As for the chart, a HS Pattern upon completion with the daily trend AND...
It is expected that the Singapore general election should be held within this year, coincide with the 50th anniversary and the death of the former Prime Minister Lee Kuan Yew recently. On one hand, in order to get sympathy votes from people and also a weakening economy globally. It won't help the ruling party if the election were to be held in a period of...
LONG TERM POSITION. DOLLAR GAINING STRENGTH ACROSS THE BOARD. DAILY CLOSE ABOVE KEY RESISTANCE AT THE MOST RECENT LOWER HIGH FROM THE DOWNTREND. WE ALSO MADE A HIGHER LOW RECENTLY AND HAD OR LONG TERM MA'S CROSS. LOOKING FOR A SLIGHT RETEST AND ENTRY. TARGET 1 = 1.3765 TARGET 2 = 1.3910