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Audsgdanalysis

AUDSGD bounced from support, potential for a further rise! AUDSGD bounced off 0.93027 where it could potentially rise further to 0.93964. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
AUDSGD: Strong Support Level @ 2016 lowsAUDSGD Timeframe: H4 Direction: Long Confluences for Trade: - Price action at a Trendline Support - Stochastic Oversold momentum - Widening of EMA - Price action is close to 2016 lows, could be a strong support at such levels Suggested Trade: Entry @ Area of Interest 0.9675 - 0.9735 SL: 0.9619 TP: 0.9886 RR: Approx. 2.30 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
AUDSGD (1D): Double 'Double Bottoms'?AUDSGD Timeframe: 1D Direction: Long Confluences for Trade: - Bearish candle formation (Pin bar formation) - Slowing in weakening momentum - A rough Elliot Wave count should have current price levels completed a Wave 3 and may head upwards to do a Wave 4. - Double bottom formed recently - A second double bottom may form, look out for it's formation at 0.9720 (Previous bottom for this formed in 2016) Suggested Trade: Entry @ Area of Interest 0.9660 - 0.9720 SL: 0.9660 TP: 1.0160 RR: Approx. 2.33 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
AUD/SGD - 100 Pips+ Short OpportunityAs long as the 50 ema on the 3 hour timeframe holds as resistence, this move is active. As soon as the current support line is broken, we can expect this to fall At the moment being, it is looking more prominent to fall down as it's been in a consolidation for a few days and the long term trend is still bearish (daily and weekly). If it does make a pullback up, then we can long it 100 pips by planning our entry on the shorter timeframe. Trade safe and don't forget to like if this was helpful! Thanks.
Short
by MoolahMaker
AUDSGD W1Doing this for friends, and I don't really trade this pair, at least not yet. :D I'm looking at 0.9828 as the major support level and if you are waiting for lower rates, ie stronger SGD over AUD or weaker AUD over SGD I would pretty much wait for this level. The rate should achieve this level within this month. Disclaimer: Information or opinions provided herein should not be used for investment advice and do not constitute an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. When making a decision about your investments, you should seek the advice of a professional financial adviser. All rights reserved of Forex100 Academy (Pte Ltd). No part or in whole of this report may be reproduced and disseminated without the written permission of Forex100 Academy (Pte Ltd).
by RaynLim