USDSGD In Weekly On Supply Zone.
Note: This is only for Educational Purpose this is not Investment advice.
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USDSGD Daily Forecast
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Type : Swing & Elliott wave ....
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...
In this video update we take a look at the trades that were left open for the week
where they are positioned and how we can manage them.
CADJPY- Breakeven and likely to be stopped after poor retail sales.
NZDJPY- hit targets on 4hr trade, daily still open and in profit.
EURGBP- open and in profit.
USDSGD- open and offside slightly.
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....
View On USD/SGD (15 July 2019)
USDSDG is in the mid-term BEAR trend.
I am expecting it to retest 1.356 and 1.352.
In summary, it is too early to call for any long position.
DYODD, all the best and read the disclaimer too.
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Trading foreign exchange or CFD on margin carries...
USDSGD Forex cross pair is in a clear downtrend creating new supply levels on the way down. As supply and demand traders, we should be interested in trading very strong impulses that end up creating new supply and demand imbalances. Price action together with supply and demand technical analysis is the perfect combination.
Trading is a waiting game where we...
After breaking under the support area the pair has rallied to an important area of resistance from where the price has retraced several times in the past and has formed a big bearish candlestick. I am expecting it to retrace all the way to the support area where the price has bounced from several times in the past