NZDSGD ____ INCOMING BULLISH RALLYHello Traders,
I have come with good tidings.
Just like I am bullish on NZDCHF (see analysis below), NZDSGD is looking bullish in the near term.
Price has approached a key demand level and if you know anything about M & W patterns, look at the weekly timeframe for perspective. I expect price to make a retracement from this demand zone which will serve as a retracement on the weekly timeframe.
I am monitoring to see a clear indication that this pair is ready to rally and I would advise you do same. Once I see a clear indication, I will drop into the 1-hour chart for my trade confirmation before going long.
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See NZDCHF analysis below
NZDCHF ANALYSIS
Cheers,
Jabari
Nzdsgdsignals
NZDSGD ____ INCOMING BEARISH MOVEHello Traders,
We have a case where price has retraced into the daily order block and has consolidated for some days now. However, I think NZDSGD is ready for the bearish move.
I will be monitoring the retracement into the indicated region on my chart for an entry in the 1-hour timeframe.
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Cheers,
Jabari
NZDSGD Sell SignalPattern: Lower Highs on 1W since February 2017.
Signal: Bearish as the price is entering the Lower Highs Zone (red Rectangle) from March 2019.
Target: 0.85000 (just above the 0.8450 May 2020 Support).
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Previous NZDSGD signal:
NZDSGD. Price will resume its growth at the support level, but iHello dear subscribers!
On this chart, a drop in currency is clearly visible.
The price to resume its growth as soon as it reaches the level of support,
but for now it will continue to fall.
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This idea does not provide the financial advice.
Navigating the Market : NZDGD 27/9This pair went through a rare two-day whipsaw-ish price expansion of 90+ pips each day. That is almost twice the 20-day ADR for this pair. Due to this I am anticipating a rather subdued price action today with 35-55 pips range on top of today is Friday and there are no risk events for New Zealand and Singapore.
I do see scalping opportunities (in 15 min or 5 min chart) for a Long trade if there is a stop hunt tapping under the London low and short trade if there is a stop hunt tapping at the NY-only session high. I am not a scalper so don't listen to me. However, I will short this pair if the latter happens. Due to negative swaps, I won't be holding this trade overnight, I'll take what I get and find a solution to continue the trade next week.