Aprox. levels: BS: 1.375; SL: 1.3685; TP: 1.395 (1) 1.42 (2) (1.46%) (-0.47%) = 0.99
USDSGD has tested key support three times in November, in which price quickly rebound after reaching this level. This is significant as quick rebounds indicate bullish sentiment, as buyers continue buy at dips. This is further evident by the fact that price has been trading in a channel trend since June of this year. Going forward, you must look closely to the...
USDSGD Trading Bias: Short Technical Strategy: Triangle breakout to Daily support trendline *Price must break out of triangle for this trade to be triggered*
Trading the bounce off the daily trendline. Zoom uit to the daily to see the full extend of this trendline. We can see how price reacted to the trendline and now we are back at the bottom again. Small trade with a tiny risk and potentially nice reward.
I looking for rejection around Rejection zone. If Buy pressure happen, lets wait and see what market reaction when retest the Top Yellow Line.
TP = 1.38500 hit as the 1W Channel Up (RSI = 59.506, MACD = 0.009, B/BP = 0.0042) marginally crossed the monthly 1.3858 Resistance before pulling back for a new Higher Low (Highs/Lows = 0.0000). Since the Higher Low delivered a rebound, we can expect the Channel Down to extend to a new Higher High at or above 1.39000. USDSGD is a solid buy opportunity. We are...
Just open a short position on USDSGD PT at 1.345 SL at 1.385
The sing dollar bearish mode . Violent move to continue towards demand
USD is the focus at the moment as we are seeing the currency come under some pressure after being so strong. USDSGD is at the key resistance of 1.3850 and looks to be forming a double top pattern. This will only complete when price breaks and closes below the previous structure lows around 1.3730. If the market does break and close below we can look for the...
USDSGD long just got started, currently a Green 3 above a Green 2 on the daily. Previous highs topped at a Green 9 on the daily signifying a trend exhaustion which required a 1-4 candlestick correction. Actionables: 1) Long USDSGD until Green 7/8 on the daily is observed 2) Take profit if a Red 2 below a Red 1 on the daily is observed 3) Continue to observe USDCNH
PS: PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
the trend is still going up, and it has bullish engulfing on daily timeframe