Price at key resistance on the trendline support Wait for break and confirmation to enter short
USDSGD is in a clear downtrend on H4, breaking and retesting horizontal levels. I expect it to test this marked level and continue its downtrend
Have to watch this support line very clearly. The strong support that was tested 3 times prior.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.
It's a good day to change some SGD to USD, especially if you are using it on a regular basis.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.367). 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 below the 21-Day WEMA which acts as a dynamic resistance....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.367). 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 below the 21-Day WEMA which acts as a dynamic resistance....
USDSGD respects major downtrendline on daily frame Price broke key level at 1.3687 Below HVN at level 1.3927 Below SMA 100 MACD shows start of bearish momentum It's expected for the continuation of bearish movement to target demand zone at level 1.3445
USD SGD - Long Flashcard - There is an issue with TDI so it may seem there is no RSI cross when in fact there is
USD SGD - Short Flashcard - This was more of a quad-top rather than a double top - The high of the first leg wasn't broken all day - You may have been stopped out on first entry if you moved stop to break even but re-entry was given so you should have caught this move
From a weekly perspective looking for an upside target of 1.4800 and from a daily perspective a goal of 1.41200 we'll have to see how things play out but im going long for the time being...wait for the pullback to enter a W formation on 1hr time frame OANDA:USDSGD
Here's a clue: ****Longer time frame indicates shorter time frame movement!!***** Which way will it go, keep an eye on the break of this range or trade within this trade before it breaks out. Enjoy!
View On USD/SGD (10 JULY 2020) We are still in the overall BULLish trend (if you see this pair in 6 months or more time frame), and it might be the chance for you to get in on the BUY side. I see 1.37-1.377 as a support region. It shall retake the 1.41 region again. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" ...