Last time we looked at the USDSGD pair (October 11 2022) we gave the best sell signal possible (see idea below) as the price entered the 6 year Resistance Zone: This time we have a buy signal flashing as the price not only broke above the Triangle pattern on the 1D time-frame but also above the 1D MA50 (blue trend-line). As long as Support 1 holds, we are...
Hello Traders, If you are following me, you would know by now that I have a bullish bias on USD. This bias is based on my analysis of the Dollar Index. However, USDSGD just entered a key demand level and I am waiting for CHOCH for me to go long on this pair. I have also done an analysis on GBPUSD and it is currently playing out as speculated. (see below) ...
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Like to buy USD against SGD at 1.33180 where stop loss at 1.33510 and profit target around 3:1
It is down on the daily and h4 timeframe..just look for setup to go short. Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational...
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...
Non- impulsive move up. IMO, price already triggered a potential failure. Target 1.32.
In this update we review the recent price action in the USDSGD and identify the next high probability trading opportunity and price objectives to target
This market is in a current dominant downtrend. Price action dictates an exhaustion in the short-lived uptrend correction and a continuation of the downtrend. The daily trendline aligns with the current price and the short trendline drawn using the 4hr and 1hr timeframe signifies a possible entry for a lengthy downtrend continuation for the week.
Potential Power of 3 reversal trade. This is only the first touch of support zone and price could still go lower even if this pattern plays out. Good luck.
Higher Timeframe Analysis: -Price low on the sideways range -Price sitting inside demand/support Look for buys with confirmation on lower timeframe: -Price broke daily/4hr downward trend lines -Price removed opposing supply zones -DBR daily demand created -Wait for pullback and either trading whole zone or use the daily/4hr demand zones as the HTF and wait for...
USDSGD Possible drop to support level. Logic behind analysis : 1. Long term downtrend 2. Daily Bearish engulfer 3. 4H Head & shoulder on resistance with liquidity grab Summary : A sell trade is high probable as per chart analysis. Press the link button if you enjoy this analysis.
Bullish Engulfing Candle formed at Support Level. Enter a long position.
I expect a breakout of the designated resistance and an upward move. The green last weekly candle also indicates future growth (I think). TP around 1.3750 GG P.S. This is not financial advice of course, just my idea.
After USDSGD has escaped the ascending channel and the head and shoulders pattern, it is now touching an ascending trend line starting back from Sept 21 and touched again on Feb 22, also touching a 23.6 fib level, currently looking to retest the previous support (neckline) and a 61.8 fib, which is now resistance @1.366, and also the lower channel line. Which was...
Enter USDSGD foreign currency market at price level 1.37470.
🟢 USDSGD TF: 4H Side: Long SL: $1.39610 Entry: $1.39858 TP 1: $1.40277 TP 2: $1.40690 TP 3: $1.41024 USD is gaining strength again so it's time to start buying it.
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