Gold, the short sellers retraced again yesterday, reaching as low as 52, which is close to Tuesday's retracement low near 50. At the same time, the daily line also closed at the intersection of yin and yang, so yesterday's retracement is also likely to release two There are two signals. One is the second bottom correction of the bulls, but the retracement...
Oil prices rose slightly during the European session as Saudi Aramco delayed plans to increase production from 12 million barrels per day to 13 million barrels per day by 2027. WTI crude oil recovered after falling sharply during the U.S. trading session, hitting an intraday low of $76.77. Crude oil is currently recovering and repairing. You can sell high and...
With non-farm payrolls coming, will gold continue to rise? I think gold is unlikely to rise significantly. Why? Because as can be seen from Thursday, gold did not rise sharply driven by a series of good news. I have been crossing and climbing on the high Yin and Yang line. This indicates that bears have started taking profits at this level. Looking...
EURCAD finds a choppy trading condition set ahead for a while, One of the least popular FX pairs - for good reason. This correlation toward the USD/SGD and EUR/USD finds another confirmation off my initial two part EURUSD Theory posted earlier. Links Below
It's been again a long time since we traded the USDSGD pair (October 03 2023, see chart below) but it did manage to give us a low risk sell opportunity: The price hit today the 1D MA200 (orange trend-line) for the first time in exactly 2 months (since November 17). That is a major pressure level as it is also exactly where Resistance 1 (1.34550) is. The...
We haven't looked into the USDSGD pair in a long time (May 16), with the last idea giving a great bullish break-out signal: The pair has since entered a Channel Up pattern, with the latest bullish leg since July 14, just reaching the top (Higher Lows trend-line) of the pattern. This is also the 0.5 Fibonacci retracement level from the 2022 High. As long as...
Hello traders, We have yet another great market set up to take advantage of. The CHFSGD has been consolidating in a falling wedge. We have since seen an opportunity to take advantage of a trend violation on the daily timeframe. Should we close above the trendline today, we are definately bullish unti we reach our target set at 1.48927, this target was set by our...
EURSGD - Break out...Coming soon! EURSGD - Technically it's brewing for break out to either direction. We are currently within the ranges of Highs: 1.44965 Lows: 1.41187 If we are to break the lows, expect the recently low areas of 1.37625 to be target areas. If we are to break the hight, expect the the two key resistance areas to be tested and to be target...
Bearish Engulfing Candlestick formed at Pivot Point Level and Parallel Channel Resistance. Entry Coordinates (16:00, 0.91829) Pips = 103.4
AUDSGD price pulled back to Pivot Point Level. Waited for Bull Candlestick to form. Entered the market after Bull candlestick completely formed. Volume increased.
CAD/SGD - The price dropped below the lower boundary of the descending triangle. The target is around 1.00
Enter USDSGD foreign currency market at price level 1.37470.
The USDSGD pair has entered a Resistance Zone where it has made long-term tops and got rejected since January 2016. Even if the long-term pattern is a Channel Up, technically there isn't much room for further growth before a correction near the 0.786 Fibonacci retracement level at least. It is interesting to see also that all rejections had the same aggressive...
HELLO GUYS THIS MY IDEA 💡ABOUT SGDJPY is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the buyers from this area will be defend this long position.. and when the price come back to this area, strong buyers will be push up the market again.. UPTREND + Support from the past + Strong volume area is my mainly reason for...
The USDSGD pair made a Double Top rejection two days ago and is currently on a strong bearish 1D candle. With the 1D RSI also rejected on a Double Top last since in September 29 2021, the next level to consider entering is just above the 1D MA50 (blue trend-line), which is where the June 16 Bull Flag found Support. A 1D candle close below the 1D MA50, should...
Entry at 1.38326 for USDSGD currency pair.
The Singapore dollar has shown great strength for the past 12 months against the Great British pound, underpinned by the Singaporean economy growing 7.6% and expectations for it to continue growing the rest of this year. Adding to the strength of the Singapore dollar in recent weeks is China starting to lift its strict lockdowns, as China is Singapore’s third...
Was in a conversation and the SGDMYR exchange rate came up. Since 2016, Ihad thought that the SGDMYR would hit 3.50 as a target, a very painful target for many. Well, I was not right as it only breached 3.20 then and nicely consolidated. The 3.50 target is still in play, and now present to you technically how it is projected to be... Over the years since 2016, a...