So for USDSGD, an harmonic pattern has formed, with the top of 1.36720 being retested and forming a lower high of 1.36591.
I have added another indicator on this chart and currently said indicator aligns with my outlook of shorting USDSGD.
If we were to short this position we would be looking at:
1:2.64 ratio at the 0.382 profit level @1.34746 &
1:3.78 ratio...
The USDSGD pair has been trading within a Channel Up pattern (blue) since the February 02 2023 Low but on December 28 2023 it posted a Lower Low, so we have to consider the possibility of an emerging (dotted) Channel Down.
As a result, the trend remains bullish but technically we should be careful and only target the top of Channel Down at 1.37350 (symmetrical...
Harmonic pattern forming on USDSGD day chart
with potential turning region at 1.36380 - 1.35945
Will be monitoring hopefully price will go touch 1.36395 and retrace
then will be a good opportunity in selling
Tradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
As mentioned in my streaming, i mentioned that usd has no major change in its price structure, likely more upside and bias to long for the majors.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you...
Hey guys! its your girl forex potatoe, i have posted this analysis sometime back and the price never really held as there was no clear direction.
So now here is a longterm position or swing trade on this pair with a very clear buy direction
Confluences:
Double or W pattern
RSI Divergence
Price currently above the moving averages
Third touch
Let me get your...
The rise initiated in the dollar, triggered by the higher-than-expected U.S. CPI data, also propelled an upward movement in USD/SGD.
Technically, the price has broken the long-term downward channel upwards and is currently finding support at significant Fibonacci levels in both the downward and upward directions.
SGD has been holding up relatively well compared to other Asian currencies (RMB, JPY, ringgit etc) against USD over the past few years. It is one of the strongest currency in Asia, but not for long.
Based on my analysis, USDSGD is in the 1,2 formation of the white C wave as depicted in the chart. USDSGD is the midst of completing the C wave of an expanded flat...
Hey everyone hope you are having an incredible weekend so far!!! Just wanted to come on here and give a post for an opportunity I see coming up in the next couple weeks here on USDSGD! Just wanted to share some simple insight so you guys can hopefully grab some value and wisdom from this and maybe even have it be confirmation for something you were already seeing!...
Analysis of new financial markets
With the zts method
Analysis based on Fibonacci patterns and smart money
This pair is in an upward trend and the price has corrected to near the outer block. We expect the price to rise to the previous high.
Traders, if you like this idea or if you have any comments about it, I would be happy to write your comments.
USDSGD is showing signs of potentially forming an inverse head and shoulders pattern, accompanied by divergence on the chart. Following recent news, there's speculation that DXY might trend bearishly, while SGD could rally. We're monitoring the neckline break closely for potential trading opportunities in line with this pattern. I'm curious to hear your thoughts...
price is in a corrective phase which is a triangle , minute wave ABCD is done , and we are in minute wave E. i will be looking to short the pair from the end of the wave E
