🔔 BUY Signal Alert! 🔔
🔗 Ticker: SGD / JPY
🌐 Market: Forex
🔄 Side: Long
⏱️ Type: Swing Trade
🎯 Entry: 112.29
🛑 Stop Loss: 111.63
🥇 First Profit Target: 112.93
🏆 Final Profit Target: 113.47
The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is...
. Trend Analysis:
Time Frame: Choosen a specific time frame that aligns with my trading strategy. For example, let's consider a 4-hour chart.
Moving Averages: Observe the Exponential Moving Averages. A potential shorting signal might emerge if the 50-day crosses below the 200-day, indicating a potential trend reversal.
2. Support and Resistance:
Identify Key...
SGDJPY has formed a Cup & Handle Pattern on its daily chart.
The price has double bottom 103.682 forming a handle low and the price has broken above the Breakout: 106.292.
ST: 104.903
Target1
62%: 112.282-79%: 113.948
In Singapore a slight majority of analysts expected a 6th consecutive tightening move by MAS in order to tackle inflation, so the pause along with the conservative MAS statement on the inflation outlook saw a weakening of the S$.
- Gold extended gains amid USD weakness; The US dollar index is testing one year lows at 100.78 during the morning.
- Nikkei...
Looking at the SGD/JPY long term channel it is moving within the channel for over past 20 years. Within the channel it is having 4 years cycle. With the latest upmove touching the upper hand on the channel ... Soon the trend for downtrend would also start. Having Yen assets may provide good run over the long term period.
Hey Guys,
Just like EURJPY (inserted below) SGDJPY is going to give a short-term retracement as shown in my chart before the bullish rally continues.
Follow for more.
Cheers,
David
technical
monthly ⇌ support test ⇌ bullish
weekly ⇌ support test ⇌ bullish
daily ⇌ ici pattern ⇌ bullish
fundamental
cot data shows that the major speculators are bearish on jpy so the move to the upside can be expected
technical
monthly ⇌ support test ⇌ bullish
weekly ⇌ support test ⇌ bullish
daily ⇌ m pattern ⇌ bullish
fundamental
cot data shows that the major speculators are bearish on jpy so the move to the upside can be expected
Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red...
Its showing inverse cup and handle pattern so we set sell stop according to trade plan given below
Inverse Cup & handle
Entry Price/Sell Stop: 97.572
Stop Loss: 98.388
TP1: 96.705
TP2:95.889
Risk Reward: 1:1
Possible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with...
Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red...
Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red...
