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
USDSGD We expect the continuation of the decline and correction on the pair in the coming period to end the correction in wave 2, and the correction may end at the 61% level at 1.3836 prices or the 78% level at 1.3764 prices before rising again
The USDSGD pair made a Double Top rejection two days ago and is currently on a strong bearish 1D candle. With the 1D RSI also rejected on a Double Top last since in September 29 2021, the next level to consider entering is just above the 1D MA50 (blue trend-line), which is where the June 16 Bull Flag found Support. A 1D candle close below the 1D MA50, should...
According to the big time frames the trend is uptrend so wait to take a position at 1H demand zone.
Head and shoulder pattern on daily Rejecting the shoulder and starting to create lower lows on 4 hour. Respecting the right shoulder Watched this last week and respected the neck.
Entry at 1.38326 for USDSGD currency pair.
Entry at 1.37752. Exit at 1.39940. Parallel Channel. USDSGD.
Being the 1st week of the month. We are looking at possible retracement to Monthly Pivot or 1.40000. Current reversal zone looks strong due to the false move breaking the previous month low. Inducing short positions. Price is also around 1.37500 Quarter Point.
Long USDSGD playing this as an sbo USd looks strong across the board and this was probably the best set up testing the daily 50 and price action is making obvious HH/HLs
Data from Singapore released today showed inflation based on the consumer price index (CPI) grew 6.7% (yoy) in June, which was the highest level in 14 years, since September 2008. Core inflation also rose 4.4% (yoy) from May's 3.6%, and was at its highest level since December 2008. Inflation in Singapore continues to rise, even though the Monetary Authority of...
Join Uptrend Entry above 1.3676 Protective Stop 1.3813 Target 1: 50% of the size 1 to 1 risk to reward 1.3945 Target 2 above 1.41 Move stop to breakeven when it hits Target 1 Keep managing stop if continues to rally
USDSGD is in bullish rally and it is forming its new Higher low, Potentially, it will follow bullish trend.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDSGD Entry Price 1.39427
USDSGD $USDSGD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Price pulled back to the horizontal support level, EMA 10 support level, and EMA 20 support level. Enter a market execution order and buy limit order.
USDSGD - Short is another one to look out for once we see confirmation in this value area.