Sgd
Don't miss the great sell opportunity in CHFSGDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3835). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CHFSGD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.3755
TP2= @ 1.3695
TP3= @ 1.3600
SL: Break Above R2
Don't miss the great sell opportunity in CHFSGDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3835). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CHFSGD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.3755
TP2= @ 1.3695
TP3= @ 1.3600
SL: Break Above R2
USDSGD Testing Final Support LevelTrade Background:
Price moved to test final support level after FOMC last week on Wednesday. Now that price is stabilizing, look for a potential bullish reversal.
Trade Idea:
Entry: 1.35200 - 135600
Stop loss: 1.35000
GBPSGD: Optimal Buy entry.The pair is trading within a 2 year 1M Bearish Megaphone pattern that is currently testing its Lower High trend line (hence the neutral RSI = 48.838, ADX = 27.266, Highs/Lows = 0.0000).
What's really interesting is the fact that this pattern is symmetrical to the 2016/2017 rise. Based on that if the price rebounds now above 1.7200, there are high chances to break the pattern aggressively to the upside. In our opinion it is safer to buy when/ if the Golden Cross (MA50 crossing over the MA200) takes place. The target is entirely up to you but 1.8700 can be a good benchmark.
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CAD/SGD - A nice LONG direction setup*** DISCLAIMER ***
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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At the moment we are in the lower bound of a 10 months old channel. Now, there is a nice long direction setup with also a nice R:R, so if I will see a bullish pattern as confirmation, I'll go long.
USDSGD: Long term Buy opportunity.The pair is on Higher Lows since February and as illustrated by the neutral 1M technical action (RSI = 49.129, STOCH = 50.169, ADX = 27.402, MACD = -0.001, Highs/Lows = 0.000) is on optimal buy levels. The 1D RSI has bounced already off 26.000 (oversold) and the Death Cross is emerging which last time marked the bottom. We are bullish on USDSGD with 1.38000 - 1.38300 the Target Zone.
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There is a possibility for the beginning of an uptrend in AUDSGDMidterm forecast:
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9520 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 0.9270 on 10/24/2019, so more gains to resistance(s) 0.9400, 0.9455 and maximum to Major Resistance (0.9520) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.93200 to 0.92700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.93200)
Ending of entry zone (0.92700)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.94000
TP2= @ 0.94550
TP3= @ 0.95200
TP4= @ 0.95950
TP5= @ 0.97250
TP6= @ 0.98300
TP7= @ 1.00900
TP8= @ 1.02250
TP9= Free
There is a possibility for the beginning of an uptrend in AUDSGDMidterm forecast:
While the price is above the support 0.9105, beginning of uptrend is expected.
We make sure when the resistance at 0.9520 breaks.
If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 0.9270 on 10/24/2019, so more gains to resistance(s) 0.9400, 0.9455 and maximum to Major Resistance (0.9520) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.93200 to 0.92700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.93200)
Ending of entry zone (0.92700)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.94000
TP2= @ 0.94550
TP3= @ 0.95200
TP4= @ 0.95950
TP5= @ 0.97250
TP6= @ 0.98300
TP7= @ 1.00900
TP8= @ 1.02250
TP9= Free
SGDHKD Sell SignalPattern: 1D Channel Up.
Signal: Bearish as the price reached the 1W Resistance on a similar RSI sequence which previously delivered a drop.
Target: 5.7450 (above the 1D MA200).
A Great Weekly Forecast and Technical Analysis for SGDJPYMidterm forecast:
78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 77.10 on 10/03/2019, so more gains to resistance(s) 79.75, 80.85, 81.65 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 68.
Trading suggestion:
By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
A Great Weekly Forecast and Technical Analysis for SGDJPYMidterm forecast:
78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 77.10 on 10/03/2019, so more gains to resistance(s) 79.75, 80.85, 81.65 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 65.
Trading suggestion:
By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
SGDHKD: Short opportunity near the 1W Resistance.The pair stopped the uptrend near the 1W Resistance Zone (5.77540 - 5.78100) with the 1D RSI hitting 74.000. Based on that we are expecting a rejection to the nearest Support which is 5.71500.
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AUDSGD: Medium term Sell Opportunity.The pair is trading within a 1W Falling Wegde (RSI = 38.277, MACD = -0.007, Highs/Lows = -0.0017) within a wider 1M Channel Down (RSI = 32.243, MACD = -0.023, Highs/Lows = -0.0181). Both patterns call for a new Lower Low which should hit at least 0.92000.
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CHFSGD: Sell opportunity on the next top.The pair has been trading within a 1D Channel Down (RSI = 42.510, MACD = -0.005, Highs/Lows = -0.0006) since the August High. On a wider time frame the current price action appears to be replicating the October-November 2019 period when a similar Channel Down made a temporary bottom on the 1D scale, spiked to a Lower High before making the May bottom.
With the 1D RSI forming a similar sequence as well, we are expecting a similar pattern. The next rise towards the 1D MA50 (blue line) is a sell opportunity for us with 1.34200 - 1.33500 the Target Zone.
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CADSGD: Medium and long term Sell Opportunity.The pair has been trading within a 1D Channel Down since August/ September peak (RSI = 52.914, MACD = 0.000) and is currently testing the 1D MA50. Even though the Lower Highs are clear, the pattern lacks the latest Lower Low and we are taking this opportunity to go on a medium term short towards 1.0300. Long term trades may wait for an even bigger sell opportunity towards 1.01000 (1W Support) if the Channel Down breaks downwards.
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Bullish Divergence on the AUDSGD 1W chart.Price appears to reach a historical strong support.
AUD might start making a turn around in a month or two?
Or will it plunge even lower?
Will continue to monitor the PRISM oscillators + CYBER ENSEMBLE
PRISM Oscillators
CYBER ENSEMBLE
Also see:
Relative Candle Volatility & Directionality Index (RCVI/RCDI)
and
PRISM Signals (which Cyber Momentum Strategy is based on)
Reversal at Cam S3Reversal both at weekly and monthly Camarilla S3.
Wyckoff bullish accumulation pattern.
Bullish engulfing on daily (forming).
Bullish pinbar on weekly (forming).
RSI turned from oversold on 4 hrs.
Strait Times Index PlanI know there are a lot of levels I look for bullish liquidity there. It is only because the market presented me with a lot of levels to "play" with.
I am technically bullish on the Singapore Dollar (SGD) in spite of the recent easing policy of the currency. There is a positive correlation between the SGD and the STI it seems at the moment hence I am looking to speculate this index to move to the upside.
I am looking for business at one of these levels I have marked on the chart
AUDSGD Sell SignalPattern: Channel Down on 1M.
Signal: Bearish as the price is coming off a rejection on the 1D MA50.
Target: 0.9200.
NZDSGD: Strong Buy opportunity within the Channel Down.The pair has been trading within a long term 1M Channel Down (RSI = 37.426, MACD = -0.018, Highs/Lows = -0.0198) that only recently made a Lower Low and is rebounding on the 3rd straight green 1W candle.
Based on the duration and decline of the previous Lower Highs, we are expecting the next Lower High to be towards 0.91000, where it will make contact with the 1W MA50, which has always provided a rejection in the past 2 years.
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Japese Yen (JPY) Demolition? Time for Singapore Dollar (SGD)?Couldn't pass this guys! But I think JPY's time as a "safe haven" currency is over. I'm yet to learn of the underlying fundamentals but there are a lot of pluses in the monthly chart. And they are rare! Since the monthly chart is king, I'll take the cues from the double bar bull reversal pattern clear in the monthly chart and call for SGD LONGs in the daily and 4-Hour charts. What's more, September's bull bar was below the lower BB meaning there was a degree of under-valuation. Therefore, as the market seeks for equilibrium, it is likely that prices will rally to 83 or higher by Q1 2020. It's a long hold but you will be earning positive swaps, so no big deal!
