Being the 1st week of the month. We are looking at possible retracement to Monthly Pivot or 1.40000. Current reversal zone looks strong due to the false move breaking the previous month low. Inducing short positions. Price is also around 1.37500 Quarter Point.
Data from Singapore released today showed inflation based on the consumer price index (CPI) grew 6.7% (yoy) in June, which was the highest level in 14 years, since September 2008. Core inflation also rose 4.4% (yoy) from May's 3.6%, and was at its highest level since December 2008. Inflation in Singapore continues to rise, even though the Monetary Authority of...
Entry at 1.38326 for USDSGD currency pair.
Entry at 1.37752. Exit at 1.39940. Parallel Channel. USDSGD.
Long USDSGD playing this as an sbo USd looks strong across the board and this was probably the best set up testing the daily 50 and price action is making obvious HH/HLs
Join Uptrend Entry above 1.3676 Protective Stop 1.3813 Target 1: 50% of the size 1 to 1 risk to reward 1.3945 Target 2 above 1.41 Move stop to breakeven when it hits Target 1 Keep managing stop if continues to rally
USDSGD is in bullish rally and it is forming its new Higher low, Potentially, it will follow bullish trend.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDSGD Entry Price 1.39427
USDSGD $USDSGD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Price pulled back to the horizontal support level, EMA 10 support level, and EMA 20 support level. Enter a market execution order and buy limit order.
USDSGD - Short is another one to look out for once we see confirmation in this value area.
The upward trend in inflation has prompted the US central bank to tighten monetary policy dramatically. The US benchmark interest rate, which was originally expected to rise by around 75 basis points (bps) in 2022, has drastically changed to 175 bps. For the record, the increase in the US benchmark interest rate has increased by 75 bps. An increase of 25 bps...
In this update we review the recent price action in USDSGD and identify the next Hugh probability trading patterns and price objectives to target
Price hit the weekly SBR zone and retraces significantly. BOS on M15 Entry: 1.3745 SL: 1.378 TP: 1.3645
Price closed above diagonal resistance. Diagonal resistance becomes support after price closed above level.
Price closed above 1.36210. Take Profit at 1.37490. (USD/SGD)