EURSGD potential bearish reversalon DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes.
unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected.
on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern.
So we are waiting for a momentum candle close below our last swing that forms around our red trendline to sell EURSGD.
meanwhile, EURSGD would be overall bullish.
Sgd
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).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Previous NZDSGD signal:
SGDJPY 31/5/2020SGDJPY has been trading in a trading range between 74.5 and 76 since mid-April.
It looks like it has created a massive inverse head and shoulders inside the range that completed last Friday.
The target of the head and shoulder is around 78 but there are few resistant zones along the way that might pause or stop the price from reaching the price target.
Those levels are good to take some profit off or hedge your long trade if you want to swing trade this setup. (I'm going to analyze the price action around those levels if and when the price gets there.)
Considering the general weakness of JPY, I believe there is a good chance for this setup to work out and hit some of the targets.
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
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
Short to weekly S3Price in downtrend and below weekly pivot range.
For educational purposes only.
Top Absolute Correlation 1 hr
1 SGDJPY - SEKJPY 88.6%
2 SGDJPY - NOKJPY 88.3%
3 SGDJPY - AUDJPY 86.2%
4 SGDJPY - JPYX -84.5%
5 SGDJPY - NZDJPY 83.0%
6 SGDJPY - USDSEK -81.0%
7 SGDJPY - AUDCHF 80.0%
8 SGDJPY - EURSEK -78.8%
9 SGDJPY - ZARJPY 78.4%
10 SGDJPY - USDCAD -78.3%
Don't miss the great buy opportunity in SGDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. SGDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 75.65
TP2= @ 76.10
TP3= @ 77.18
SL= Break below S2
Don't miss the great buy opportunity in SGDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. SGDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 75.65
TP2= @ 76.10
TP3= @ 77.18
SL= Break below S2
USDSGD LONG TRADEUSDSGD broke downtrendline
then rebounded from demand zone at level 1.4132
Pair is in uptrend and above SMA 100
Price is based above HVN at level 1.4166 which indicates that pair is in accumulation phase
MACD shows bullish momentum
It's expected for opening long trade after exceeding resistance level at 1.4210
to target supply zone near level 1.4414
Don't miss the great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4162). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDSGD 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 65.
Take Profits:
TP1= @ 1.4300
TP2= @ 1.4402
TP3= @ 1.4635
SL= Break below S2
LA SMA 200 ACTUANDO COMO RESISTENCIAUna resistencia se define como una zona de precios a partir de la cual la cotización del activo tiende a no seguir subiendo y tiene una ventaja estadística de que rebote y baje. Es lo que la Media Movil de 200 sesiones a precio de cierre está haciendo en estos momentos en el Par de Forex AUD/SGD.
A nivel Fundamental, a medida que China se recupere, resultado de retomar su producción veremos un vuelta a la calma a las divisas de Economías colindantes. No obstante calma, lo óptimo es que el precio se encuentre sobrecomprado y tengamos un estancamiento de precio por ejemplo en forma de Doji activando Escape Bajista.
There is a possibility for second chance to buy in EURSGDTrading suggestion:
If the Midterm level 1.5240 is broken, we will close open trades.
Price may also reach 1.5240, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to our STRATEGY , and depends on personal strategies.
Midterm forecast:
While the price is above the support 1.5240, resumption of uptrend is expected.
We make sure when the resistance at 1.5960 breaks.
If the support at 1.5240 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1.5240 is broken.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
A peak is formed in daily chart at 1.5545 on 04/20/2020, so more losses to support(s) 1.5365 and minimum to Major Support (1.5240) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trade Setup:
Total Profit: 2678 pip
Closed trade(s): 2385 pip Profit
Open trade(s): 293 pip Profit
Trade Setup:
We opened 7 BUY trade(s) @ 1.5095 (day close price) based on 'Valley' at 2020.02.20.
Closed Profit:
TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit.
TP2 @ 1.5240 touched at 2020.02.27 with 145 pip Profit.
TP3 @ 1.5365 touched at 2020.02.28 with 270 pip Profit.
TP4 @ 1.5570 touched at 2020.03.06 with 475 pip Profit.
TP5 @ 1.5720 touched at 2020.03.09 with 625 pip Profit.
TP6 @ 1.5900 touched at 2020.03.16 with 805 pip Profit.
65 + 145 + 270 + 475 + 625 + 805 = 2385 pip
Open Profit:
Profit for one trade is 1.5388(current price) - 1.5095(open price) = 293 pip
1 trade(s) still open, therefore total profit for open trade(s) is 293 x 1 = 293 pip
There is a possibility for second chance to buy in EURSGDTrading suggestion:
If the Midterm level 1.5240 is broken, we will close open trades.
Price may also reach 1.5240, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to our STRATEGY , and depends on personal strategies.
Midterm forecast:
While the price is above the support 1.5240, resumption of uptrend is expected.
We make sure when the resistance at 1.5960 breaks.
If the support at 1.5240 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades, if the Midterm level 1.5240 is broken.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
A peak is formed in daily chart at 1.5545 on 04/20/2020, so more losses to support(s) 1.5365 and minimum to Major Support (1.5240) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trade Setup:
Total Profit: 2678 pip
Closed trade(s): 2385 pip Profit
Open trade(s): 293 pip Profit
Trade Setup:
We opened 7 BUY trade(s) @ 1.5095 (day close price) based on 'Valley' at 2020.02.20.
Closed Profit:
TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit.
TP2 @ 1.5240 touched at 2020.02.27 with 145 pip Profit.
TP3 @ 1.5365 touched at 2020.02.28 with 270 pip Profit.
TP4 @ 1.5570 touched at 2020.03.06 with 475 pip Profit.
TP5 @ 1.5720 touched at 2020.03.09 with 625 pip Profit.
TP6 @ 1.5900 touched at 2020.03.16 with 805 pip Profit.
65 + 145 + 270 + 475 + 625 + 805 = 2385 pip
Open Profit:
Profit for one trade is 1.5388(current price) - 1.5095(open price) = 293 pip
1 trade(s) still open, therefore total profit for open trade(s) is 293 x 1 = 293 pip
SGDJPY technically based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 SGDJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect higher recovery phase, candels foramtion strong bulish, expecting to see push up in price till top trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
USDSGD technically based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 USDSGD technicaly based idea, we can see price is bounce from supp line - trend line, 3 tops are created, candels foramtion strong bearish, technicaly indicators showing we can expect higher bearish market continuation from here.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!