All the H4 and daily Ichimoku signs are bearish. On the daily TF, a bearish kumo twist has just occured. On the H4 TF, price has pulled back to the kijun sen, which also happens to be the previous support turned resistance. If the current candle were to remain as it is, we would get a bearish fractal. We are currently having an inside bar formation and %R confirms ...
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.
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 ...
As we expect the USD to move lower, we look to the USD crosses to see if they're any trading opportunities on the horizon.
USDSGD has been struggling to climb above the highs of 1.3850 and has moved lower. Looking at this market technically we can see the moving averages have crossed bearish and currently the market is rejecting them. A move lower down to the key ...
Confluences for Trade:
- Stochastic has yet to move into Oversold conditions
- Breaking Support Trendline (since April 2018)
- Fundamentally, with positivity the outcome from the temporary truce between Trump-Xi and a more dovish FED reduces the drag on global demand and is positive for the Asian region. The SGD is a ...