With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements.
The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon.
As for the chart, a HS Pattern upon completion with the daily trend AND...
We don't think any weakness is disrupting ongoing USD/SGD's uptrend.
Instead, the prevailing uptrend for USD/SGD seems to be corrected in short term (heading towards 23.6% Fibonacci retracement)
But our convictions states bullish trend is still intact in long term as it is likely to bounce back upon 23.6% retracement areas.
One can observe cautiously, how the...
Friends,
In the most immediate terms, $USDSGD is expected to meet significant headwinds at 1.46884, although the Predictive/Forecasting Model, perceives a possibility of a more proximate bearish entrenchment at the 1.43398 mark.
In the longer-term (L/T) prospect, the Predictive/Forecasting Model defined the following qualitative targets:
1 - (L/T) TG-Hi...
Hello, after forming the first lower low this pair is oficially on downtrend. I think the last upside move is just a correction and price should continue the downtrend long term.
We can use this setup to enter short, we have:
- EMA 55 as resistance
- round level 1.400 as resistance
- convergence divergence combination (not shown)
- previous wave 4 as...
Hey traders
did you see any similaritiy?
Long term bearish trend
follow by a big tri-angle consolidation
then a very strong bullish wave
usually can sub-divided into two
then a big big pull back
will the USDSGD move the same as
Ching Shang Hai Index?
Le'ts see. Do be prepaird if USDSGD make a waterfall
maybe 1.30
Long term im very bearish on this pair but its tricky to find an entry point.
The structure here is very similar to the USDCAD.
We have another bearish crab near completion at key level:
- monthly ema 200 level (see below)
- near round level 1.45000
- bearish divergence on AO
You can enter now or wait for the crab to complete, it depends on each trader (dont...
Interesting developments in this pair, unlike SGDJPY, seems like the uptrend can resume from here.
Price found support at a strong level from the previous uptrend, and came down forming 7 waves, an ABCXABC correction.
If we see a move off this consolidation, which is strong enough, I'll try to go long asap.
Good luck!
Ivan.
I think this pair has topped for some time, and is currently about to start wave C of a corrective decline (IF the corrective structure that followed the first impulse down is indeed an expanding triangle B).
We have a strong monthly resistance level slowing down price, and a time at mode price projection matching this top area.
I'll wait for a clear opportunity...
USD/SGD exhibits signs of bearish oscillator divergence as confirmed between price action and the Stochastic and RSI indicators. Price closes the day with a high test bar below a level where resistance is present.
entry - below low of high test bar
stop loss - above high of high test bar
target - previous low
So far we haven't seen falling very strong momentum, so the adjustment target to 50%.If falling momentum is very strong, the first target changed to 13980, the second target of 13880 and 13450 the third target.
This is a very rare setup we have here a convergence-divergence setup on the same timeframe, usually on this setup we should combine D1 and H4 timeframes.
Not only that. I see more reason to short on this levels.
- double top with divergence
- clear uptrend broken, price made its first lower low
- convergence on MACD shows expected next price move
- price is...
