Eursgdforecast
EUR/SGD is looking for a breakout on daily chart!!!I see bullish divergence at macd and rsi on daily chart for EUR/SGD.
***You should look for a breakout from inclined resistance to put your buy order.
Profit Targets:
1,57070
1,57700
1,58600
Have a nice a day,
Berk
EUR/SGD is bullish on 3h chart.Profit Targets:
1.57600
1.58000
Stoploss:
1.56000
Have a nice day,
Berk
EURSGD Daily timeframe analysis: 3 crucial info. to keep in mindOver 3 years of price action in the EURSGD is captured in this analysis from April 13, 2015 to present date. Commentary is provided based on the numbers indicated on the chart.
(1) Current, active resistance in the EURSGD with the most recent test occurring on February 5, 2018. The bearish trendline further extrapolated is expected to offer future resistance, while a break out above the trendline implies more bullish action.
(2) This is established by connecting the price low at ~1.47820 and 1.56136. The current swing upwards in price 1.56136 also makes it important to focus on the bullish channel as shown in blue lines. The dotted blue line provides another possibility of a smaller bullish channel that can serve as a termination of price action prior to a downturn.
(3) Main bullish trendline in the EURSGD established since April 17, 2017. A break in the lower boundary of the bullish channel, and also below 1.56136 could see the EURSGD return to the vicinity of the main trendline.
EUR/SGD - 100 Pips+ Shorting OpportunityNext move further down to last low as the pair is still looking for a strong support zone.
Potential to occur at present time: 75-80%
EUR/SGD - 200 Pips OpportunityEUR/SGD is currently in a short term consolidation zone. This is a continuation pattern.
As EUR/SGD breaks its current support, it will continue its bearish trend.
However, if it fails to break its support and shows strength to retaliate, the move is cancelled until further confirmation.
EUR/SGD heads to south at 1.5960EUR/SGD 4H Chart: Channel Down
The common European currency is losing value against the Singapore Dollar in one month long descending channel whose formation represents a rebound of the pair from the upper trend-line of a preceding ascending channel.
The short-term target for rate is expected to be an intersection of the monthly S1 at 1.5959 and the bottom edge of the pattern. Due to the fact that the channel consists of four confirmation points, the pair theoretically could break to the bottom.
However, a rebound most likely is going to follow. But even in that case the surge might be hampered by the slipping 55-, 100- and 200-hour moving averages.
EURSGD Breaking double resistance To ride the wave of EUR shorts, this might be a quick profit to work with. If it breaks 1.151500 which its dancing around currently. It's not a popular pair and SGD in general, so be cautious if entering.
