Hi guys its Brian here with another short opportunity. After breaking out from the consolidation zone, USDSGD went on to make its up trend completing its 5th impulse wave and reversing back down sharply after failing to break through the resistance zone. It is currently making its A wave correction and possible targets are 0.382 or 0.5 retracement...
As long as the price stay below 1.3820 resistance level, it will test the white trend line. If the price will cross the trend line downward, next target will be next support line which is around 1.3610 level. We can also expect that the price can touch the main trend line (yellow) for long term expectations. White trend line is getting more important for this idea.
Disclaimer ya, I seldom trade this pair only observe when will be a better time to change money from USD to SGD or SGD to USD. Is a good time to change USD to SGD but for people who are going to change SGD to USD you might want to hold off for 1-2weeks to see how this develop, if you are not urgent for the exchange.
When trading supply and demand imbalances we don’t really need any kind of indicator or add-on tools to tell us how and when to place a trade. Trading should be simpler than dragging a few indicators or tools on our charts expecting red and green arrows to tell us in which direction to place our trades. Are you sure you want to rely on indicators to tell you what...
The pair is trading inside a 1D Channel Up (RSI = 65.836, MACD = 0.002, Highs/Lows = 0.0038). After breaking through the 1.36150 Resistance, which is now essentially its support, it should aim for the next sell accumulation point a 1.37450. We are long to that point. ** If you like our free content follow our profile (www.tradingview.com) to get more daily...
Price has made a breakout of the range, & has retested broken resistance as new support. Price has broken through the 200 ema as well showing that buyer pressure has stepped back into the market. Will be watching for price for a further move to the upside in the upcoming week.
Near 1.3615 is the best place to open buy - Price broke up a powerful level - Daily candle close above after fake broke
USDSGD - Continuation of Daily uptrend
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
USDSGD currently is making a bullish compression, yesterday the price had a rejection and we anticipated that today may have a small retracement to the dotted line as to create another Higher Low (HL). If we look to the left, the previous Support now has become a Resistance, a pretty solid Resistance; it created "The Wall" and had managed to hold the prices to...
USDSGD broke its long-term trendline during Thursday trading, but moved below this line during Friday trading in spite of the fact that oscillators are pointing towards a bit of an upward turnaround. RSI signals a neutral reading while the stochastic oscillator suggests USDSGD could make a leg up higher. Clearly, a floor appears to be around 1.3446 and 1.3453 with...
The pair has been trading sideways in 2019 within the 1.36140 Resistance and 1.34450 Support. With 1D neutral (RSI = 51.626, Williams = -49.207, CCI = -45.7804, Highs/Lows = 0.0000), the price is expected to continue consolidating on the medium term within those levels. We are using 1.35750 - 1.36140 as a Sell Zone and 1.34450 - 1.34900 as a Buy Zone. ** If...
This is probably the only exotic pair that I trade, This pair has been ranging for a while, but I could see it break out of its range. But there's a 3:1 or 4:1 trade that we can possibly make some nice profit from.