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EURSGD

20 Reasons BUY EURUSD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: bullish trend also filled corrective wave 2:📆Monthly: after a valid low price goes to a corrective back formaatting a builduo here in favor of bulls 3:📅Weekly: choch done also make support with proper lower high low 4:🕛Daily: bullish structure here stating an impulsive move 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: record session count and correction done 7: 3 Volume: bullish volume is in power 8: 4 Momentum UNCONVENTIONAL Rsi: protected 40 areas also bullish formation here long consolidation 9: 5 Volatility measure Bollinger bands: walking on the band and middle band support 10: 6 Strength ADX: sharp bear dmi up, but bulls are still in power 11: 7 Sentiment ROC: eur stronge ✔️ Entry Time Frame: h1 12: Entry TF Structure: right now is bearish, but based on sentiments and bigger tf, we are seeking buy entries only 13: entry move: impulsive 14: Support resistance base: h4 d1 15: FIB: trigger event done ☑️ final comments: test entry. If it confirms, add 2nd entry at the upper side breakout 16: 💡decision: buy 17: 🚀Entry: 1.07609 18: ✋Stop losel:1.0773 19: 🎯Take profit:1.089 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration: 2 days
Long
by Optimum369
NFP: are you readyWhat is the impact of non-farm data on the gold market? Non-farm data actually consists of two sets of data, the major non-farm data and the minor non-farm data. As these two sets of data reflect the development of the US economy, they not only affect the US dollar index but also often impact the ups and downs of the gold market. Good non-farm data indicates a strong economy and is bearish for gold, while poor non-farm data is bullish for the gold market. The major non-farm data is composed of three indicators published by the US Department of Labor's Bureau of Labor Statistics: non-farm employment, the employment rate, and the unemployment rate. Compared to minor non-farm data, the major non-farm data more directly reflects the current economic situation in the United States. Non-farm data is usually released on the first Friday evening of each month, two days later than minor non-farm data. Investors typically wait for the release of the data and make judgments about the specific trend of gold prices to earn profits. The impact of non-farm data on the gold market is mainly concentrated on these two points in time. The non-farm employment, employment rate, and unemployment rate can directly reflect the development and growth of the manufacturing and service industries in the United States. The better the economic development, the more likely it is to lead to a decline in gold prices, while poor economic development can lead to a certain degree of increase in gold prices. Overall, non-farm data is just one set of data, so in practical operation, major and minor non-farm data can influence the trend of the gold market, but cannot truly determine the trend of the gold market. Are you ready for the upcoming non-farm data release tomorrow? Join the discussion channel to discuss together! Catching the opportunity is key.
OANDA:XAUUSDEducation
by Navigation-h
3
The EUR/USD is expected to experience a short-term decline. Every path we take in life is a kind of understanding. Along the way, we will encounter many people, and happiness is finding a warm person to spend a lifetime with. For relationships, perhaps the further away, the longer lasting they can be. In life, there are many things that we obtain and then forget. Ultimately, what accompanies us to the end of our memories are the things that we almost obtained but never did. The fluctuation in the U.S. dollar index is actually quite normal, as the market needs this kind of fluctuation and requires a certain buffer. The market trend cannot rise directly and then plummet directly, as this will cause the market to collapse, especially since it is not a crisis stage now. Therefore, the current market does not have such a complex environment, causing the expected fluctuations and small oscillations that consume time, providing an opportunity for market adjustments. In the face of this kind of fluctuation, the most appropriate operation is to buy low and sell high. However, this kind of pause state will not last too long because the important data - the announcement of the US non-farm payroll data for February - brought surprises and even shocks last month, and how will it perform tomorrow? It is certain that the announced non-farm data will attract the market's key attention and may even cause a chain reaction in the market, which is a well-known situation. Therefore, the market focus has been locked in advance, and today has naturally become a kind of rest before the important market trends, which can be considered the calm before the storm. Therefore, the possibility of fluctuation in today's market is very high, and the market trend will be relatively simple. In summary, in the corresponding European and American currencies, it is possible to seize opportunities to sell short at high levels. Based on the market situation, the following suggestions are given for reference, subject to discretion: Light position: Short at 1.0580, stop loss at 20 points, target at 1.0550 and 1.0530. OANDA:EURUSD FOREXCOM:EURUSD
Short
by Ice_and_Fire1
EUR/USD: Short at 1.0570-1.0580 Range Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market trend will be relatively simple. In the face of this volatility, the most suitable operation for EUR/USD is naturally to short on rallies. Based on the market situation, the following recommendations are given: Short at the range of 1.0570-1.0580, with targets at 1.0550, 1.0530, and 1.0510, and stop loss to be determined based on individual circumstances. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Short
by investmentMr-X
6
EURSGDEURSGD - Break out...Coming soon! EURSGD - Technically it's brewing for break out to either direction. We are currently within the ranges of Highs: 1.44965 Lows: 1.41187 If we are to break the lows, expect the recently low areas of 1.37625 to be target areas. If we are to break the hight, expect the the two key resistance areas to be tested and to be target areas 1. 1.47285 & 2. 1.49660 I have even enjoyed trading the USDSGD - very clean set ups! Have a great week ahead, Trade Journal
by Trade_Journal
EUR/USD: High position short Today's impressive PMI data released by the Chinese government has led to a significant influx of funds into the renminbi in the international market, causing the US dollar index to suddenly fall. This is clearly a short-term impact and will not fundamentally change the overall situation. Therefore, after the abnormal market volatility dissipates, the market will return to its original rhythm. As for the operation of the US dollar index, the short-term level is still judged as looking for opportunities to buy on dips. Correspondingly, for the EUR/USD currency pair, it is recommended to short at the high point and combined with market analysis, the following suggestion is given: Short position recommended in the range of 1.0640-1.0660, with targets at 1.0620, 1.0600 and 1.0580. FX:EURUSD TVC:DXY FX:AUDUSD FX:USDJPY
Short
by investmentMr-X
8
EUR/USD: Sell on Highs Yesterday, X made it clear that the impact of news is only short-term, and once the energy is depleted, it will return to its original pace. So far, this view is correct. The current market trajectory has begun to gradually recover, which will also help predict future trends. Since the market has gradually started to recover and entered the original operating rhythm, the trend of the US dollar index will also be relatively easier, after all, the overall direction is still bullish, while EUR/USD is bearish. In summary, it is recommended to sell on highs for EUR/USD today, combined with the market conditions and the following suggestions: Short at the range of 1.0660-1.0670, with a stop loss of 20 and targets at 1.0640, 1.0620, and 1.0600. FX:EURUSD
Short
by investmentMr-X
1
EURSGD - W patternHello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 1.425 OANDA:EURSGD FOREXCOM:EURSGD
Short
by m_maia14
1
EURSGD the best market structure setup in forex!It has been awhile folks but I am back posting ideas on TradingView. I have kept watching and trading the markets everyday since I stopped posting and have had other consulting to do forex and market related. I will be posting ideas on a regular basis. The strategy and set ups remain the same! We look for reversal trades after a long trend. Many Singapore Dollar pairs look good for my technique. EURSGD is a chart I have had on my radar for months, and we finally triggered the breakout on November 16th 2022. Currently, we are in the retest phase of the breakout with buyers stepping in on the retest of new support. What makes EURSGD even more attractive is the fact the chart shows clear signs of market structure. All markets move in three ways: uptrend, range and a downtrend. We clearly have the long downtrend, followed by a range which points to the exhaustion of the downtrend. The breakout of the range means a new uptrend is to begin. We still need our first higher low to confirm this uptrend which leads me to the way of entering the trade. One can enter here on the retest and place the stop loss below the breakout zone. However, just be aware the breakout could turn to a false breakout if we close back below. The more safer way to enter is wait for EURSGD to close above recent highs at 1.4260. This also will confirm the higher low, but more importantly, it increases the probability of a new uptrend. Remember: trading is a business of probabilities! That's it! An uptrend going higher will take us to the next resistance zone of 1.45. Overall, a great risk vs reward set up. There is Singapore CPI on Wednesday which could impact this currency pair. AUDSGD is another Singapore Dollar pair with a nice reversal setup as well.
ELong
by Uncharted-FX
1
EURSGD a long call 🦐EURSGD on the daily chart consolidates over a strong support area. The price recently broke the descending trendline and is now testing a daily resistance. According to Plancton's strategy IF the price will break above and satisfy the ACADEMY rules we ill set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
EURSGD, another BEAUTIFUL 300 PIP SNIPER set up!Hi team This one will take some patience, but the analysis is beautiful. Another setup is hidden in a minor pair! Remember that two sniper wins out of 15 will more than double your money. IF you hit SL, do NOT re-enter. Risk management is very important. The BIG move will be short once we reach TP3 - I will post closer to the time. Good luck, trade safe! DrBear Like what I do? I'm a full-time Doctor, and still spend hours every week producing these charts for you for free. Please like share and comment - it really really helps me. Thank you!
Long
by DrBear
3
EUR/SGD:FUNDAMENTAL+TECHNICAL ANALYSIS| PRICE IS FALLING⚡️Singapore Export Prices for August increased 14.2% annualized, and Singapore Import Prices increased 12.8% annualized. Forex traders can compare this to Singapore Export Prices for July, which increased 12.9% annualized, and Singapore Import Prices, which increased 12.9% annualized. The Singapore PPI for August increased by 17.0% annualized. Forex traders can compare this to the Singapore PPI for July, which increased 17.1% annualized. UK Mortgage Approvals for August are predicted at 73.00K. Forex traders can compare this to UK Mortgage Approvals for July, reported at 75.20K. UK Net Consumer Credit for August is predicted at £0.300B, and Net Mortgage Lending is predicted at £3.676B. Forex traders can compare this to UK Net Consumer Credit for July, reported at -£0.042B, and Net Mortgage Lending, reported at -£1.400B. The forecast for the EUR/SGD remains bearish, driven lower by its descending Ichimoku Kinko Hyo Cloud and uncertainty over how the next German government will form following Sunday’s inconclusive elections. Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
1
EURSGD Educational descending channel🌟we didn't check the fundamental news as we want to focus on a technical format education in this idea and rely on that 🌟we decided to teach this format in an elementary level that can be used by majority and all you need is basic info about technical analysis 🌟the descending channel is the parallel channel which trapped our chart and currently retested several times both in dynamic resistance and support 🌟you can also see 2 highlights a green and a red respectively, first of all you have to know that charts want to stay in the value they averagely consolidate which is mainly referred as high EMA (like EMA 200) and if you plot that in any chart it gives you the information from last 200 candles average value that the chart consolidates 🌟both green and red highlights starts and ends mostly in their own bias and created a cycle (perfectly clean in this chart) but there is something wrong! the red highlight is stretch more in time and also in candle power if visually checks! we said the chart wants to stay in the range it consolidated before! so the chart needs some green candle to cover the bleed right! 🌟to make sure you are doing this right you need to check higher time frames and zooming out the chart to recheck the "tend of the chart" which is answered by a simple going up or down, if the answer was the same as our need (in this case we needed green candles so we expect a going up as an answer here) we can continue and enter position, although there are always exceptions but as we told in the beginning we are going in an elementary level not more (yeah we all know that in long term analysis we won't go this way, this simple and with lack of data) 🌟for entering this kind of position simply follow the parallel channel and try to enter and exit from the edges 🌟a 92 pips trade in forex among the crypto trades seems profitable, fun and educational. hope we could teach you something (even if negligible) ---------------------------------------------------------------------------------------------------------------- If you want to see more and more from these 💎 free signals: 🙏 Help us grow then Each individual support counts 🙏 Tell us what do you like to know about the market and how do you see the forecasts Share us your opinion ---------------------------------------------------------------------------------------------------------------- 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍 📝Did you know money management and risk management are as important as your entry and exit point of a chart? 💰Plan a Trade before a Trade💰 💸Develop a strategy before you enter position your strategy have to be a combination of money management + risk management + time management and profit management (the famous MRTP method made exclusively by our team💎) Trade well ❤️
Long
by the-crypto-analyzer