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Aud-sgd

Don't miss the great buy opportunity in AUDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9247). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 0.9353 TP2= @ 0.9433 TP3= @ 0.9548 SL= Break below S2
Long
by ForecastCity
19
Don't miss the great buy opportunity in AUDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9247). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68. Take Profits: TP1= @ 0.9353 TP2= @ 0.9433 TP3= @ 0.9548 SL= Break below S2
Long
by ForecastCity
19
There is a possibility for the beginning of an uptrend in AUDSGDMidterm forecast: While the price is above the support 0.9105, beginning of uptrend is expected. We make sure when the resistance at 0.9520 breaks. If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: A trough is formed in daily chart at 0.9270 on 10/24/2019, so more gains to resistance(s) 0.9400, 0.9455 and maximum to Major Resistance (0.9520) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 54. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.93200 to 0.92700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.93200) Ending of entry zone (0.92700) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.94000 TP2= @ 0.94550 TP3= @ 0.95200 TP4= @ 0.95950 TP5= @ 0.97250 TP6= @ 0.98300 TP7= @ 1.00900 TP8= @ 1.02250 TP9= Free
Long
by ForecastCity
6
There is a possibility for the beginning of an uptrend in AUDSGDMidterm forecast: While the price is above the support 0.9105, beginning of uptrend is expected. We make sure when the resistance at 0.9520 breaks. If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: A trough is formed in daily chart at 0.9270 on 10/24/2019, so more gains to resistance(s) 0.9400, 0.9455 and maximum to Major Resistance (0.9520) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 54. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.93200 to 0.92700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.93200) Ending of entry zone (0.92700) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.94000 TP2= @ 0.94550 TP3= @ 0.95200 TP4= @ 0.95950 TP5= @ 0.97250 TP6= @ 0.98300 TP7= @ 1.00900 TP8= @ 1.02250 TP9= Free
Long
by ForecastCity
4
Aussie - Sing Dollar continues to channel lowerThe Australian dollar continues to fall against the Singapore dollar as we have developed a reasonably reliable downtrend channel. This makes a lot of sense, because the Singapore dollar is quite often used as a bit of a safety currency in Asia, while the Australian dollar is so highly levered to the Chinese mainland. At this point, you can see that the 50 day EMA is just above recent trading, and we are testing the 61.8% Fibonacci retracement level. Ultimately, we are at roughly the middle of the down trending channel, so therefore it looks as if the channel will continue to hold going forward. With that in mind it’s very likely that we are probably going to reach towards the 0.9350 level, before bouncing again to find even more sellers. It’s very likely that this pair will continue to drift lower until we get some type of resolution or at least serious progress to the US/China trade relations, or perhaps even signs of global growth. At this point it doesn’t seem like we are getting that anytime soon, at least not anything that you can hang your hat on. Because of this, we can simply extrapolate that every time this market rallies, you should be looking for signs of exhaustion to start selling. The 0.95 level which coincides perfectly with the 50 day EMA will more than likely continue to offer resistance, just as a break down below the lows from last week opens the door to the previously mentioned 0.9350 level. All things being equal though, you should remember that this pair doesn’t necessarily move quickly, but rather steadily. That makes it a great longer-term trade as you can see. It is not until we break above the 0.9550 level that I would be concerned about the downtrend, and even then we would need to see a significant close above that level on the daily chart. As things stand, downward channel trading continues to work.
Short
by Forex4you
AUD/SGD 1H Chart: Strong support foundUpside risks dominated the AUD/SGD currency pair, thus sending the Australian Dollar 0.92% higher against the Singapore Dollar. This gradual increase in price began at the beginning of October when the rate reversed from the bottom boundary of falling wedge. If looking at the pair's current movement, it has breached the 55-, 100– and 200-hour SMAs on the 1H time frame. Thus, it is expected that these lines help to support the rate, thus leading to further advance. However, technical indicators for the 1D and 1W suggest that bearish momentum might occur soon. It is unlikely that the pair falls below the monthly S1 at 0.9971.
by UnknownUnicorn890690
AUDSGD - Good time for accumulation?We have a few confluences on the AUDSGD pair at the moment - RSI is showing a divergence; Price is losing momentum to the downside; We have a completed Bat pattern; and Price has completed a ABC structure. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Long
by KarYong
AUD/SGD 1H Chart: Triangle patternThe Australian Dollar has been depreciating gradually against the Singapore Dollar since the middle of August. This movement has been bounded in a descending triangle. Assuming that this pattern is to hold intact for a couple of sessions, the Australian Dollar should gain momentum and aim for its upper line located near 1.0000. Then, most likely a breakout south should occur. From a theoretical point of view, this breakout should be followed by a surge, at least in the short term. The nearest downside target is the monthly S3 at the 0.9914 mark.
by UnknownUnicorn890690