USDSGD on the 4 h chart broke the descending channel and now consolidating below a daily resistance in an ascending triangle formation.
IF the price will break above, according to Plancton's strategy, we can set a nice long order.
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue...
Here is our today's forecast for USDSGD.
Our analysis is based on fundamental & technical metrics.
According to our drawing USDSGD is trading within a support.
Based on our view the market will start growing
to the underlined resistance.
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USDSGD is trading in uptrend
Pair is based above key level at 1.3330
above HVN at level 1.3292
Above SMA 100
MACD shows weakness in bearish momentum
It's expected to target resistance level at 1.3415
usdsgd mine own perspective so what's your consideration on the price movement please comment in the below section ?
I believe that. So what is your expectations in comment below.
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Plan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.33410).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
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Analysis of #USDSGD
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Strategy: We can see a Flag pattern + Bearish Gartley Pattern - We...
USDSGD on the 4h chart reached the daily resistance stricture.
The price after a consolidation attempt to break above.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
–––––
Follow the Shrimp
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
This pair has been trending down since march 2020. I expect a total reversal now or a higher degree corrective structure. If it breaks the rejection zone then I expect a bull run. It can still take off after it takes its previous low. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.
Looking for a pivot at marked resistance for a sell. These levels are 1.33400 and 1.33800.
Look for a clear pivot off these levels for a sell entry. Currently MACD and Signal are above zero lines with potential cross through high volume Histogram bins telling us a retest is in play.
A pivot off one of these rejections will initiate a macd/signal down cross to...
Plan : wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
...
During 2020 the Singapore dollar strengthened against the US dollar from 1.3453 to 1.3211. The Singapore dollar’s modest appreciation despite the sharp decline in the dollar in 2020 reflected the impact of MAS’ neutral SGD NEER policy set in response to the COVID-19 shock. This neutral policy will set the tone for USDSGD trading for the entire year of 2021,...
Pivot 1.325
Long signal on the 4hr targets 1.333 then 1.357 Stop 1.325
Break of 1.325 targets 1.300 then 1.200
Long term downtrend
Medium term downtrend
Short term downtrend (possible bottom if 1.325 holds)
USDSGD on the 4 chart is moving inside a daily descending channel.
The market after the bounce on the weekly support, bounce until the 0.786 Fibonacci retracements inside a channel.
If the price will break below, according to Plancton's strategy, we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red...
