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CHF/SGD 1H Chart: Two scenarios likelyThe Swiss Frank has been appreciating against the Singapore Dollar after the currency pair reversed from the lower boundary of a medium-term ascending channel at 1.3890. As apparent on the chart, the exchange rate is supported by the 55-, 100– and 200-hour SMAs, currently located near the 1.3950 mark. From a theoretical point of view, the pair might move upwards. Potential upside target could be the weekly R3 at 1.4110 mark. Otherwise, it is expected that the currency pair might re-test the ascending channel. If given trend does not hold, a breakout might occur. In this case, the pair will aim for the Fibonacci 61.80% retracement at 1.3865.
by UnknownUnicorn890690
EUR/SGD 1H Chart: Bearish momentumThe Singapore Dollar has been depreciating against the European common currency since the end of September. This movement has been bounded in an ascending channel. As apparent on the chart, the exchange rate is also trading in a long-term ascending channel. The pair has already reversed from the upper boundary of the senior trend at 1.6080 and currently is aiming for its lower line near 1.5720. Given this fact, a breakout from the junior channel might occur soon. It is the unlikely case that some bullish pressure still prevails in the market, the Euro should not exceed the Fibonacci 50.00% retracement at 1.5982.
by UnknownUnicorn890690
SGD/JPY 1H Chart: Pressured by 55-, 100– and 200-hour SMAsThe Singapore Dollar has been depreciating against the Japanese Yen after the currency pair reversed from the upper boundary of a long-term descending channel at 83.30. Currently, the rate is trading near the lower boundary of the junior channel near 82.30. From the theoretical point of view, the pair should aim for the lower boundary of the senior channel. Given this fact, it is expected that the pair might continue following the junior trend. Potential downside targets could be the weekly S2 at 81.95 and the weekly S3 at 81.64. It is unlikely that the exchange rate could surge towards the upper line of the senior channel due to the resistance of the 55-, 100– and 200-hour SMAs located in the 82.64/82.78 range.
by UnknownUnicorn890690
USD/SGD 1H Chart: Bullish momentumThe US Dollar has been appreciating against the Singapore Dollar since the beginning of 2018. This movement is bounded by a rising wedge. Considering technical indicators flash bullish signals on the 4H and 1D time-frames, it is very likely the pair upside momentum starts prevailing within the nearest time. The most probable upside target during the following week is the upper boundary of given wedge near 1.3860. Important resistance cluster to look out for is formed by the weekly and the monthly R1 near 1.3840. It is the unlikely case that some bearish pressure still prevails in the market, the US Dollar should not exceed the support level formed by the weekly S1 and the monthly PP at 1.3718.
by UnknownUnicorn890690
CHF/SGD 1H Chart: Short-term increase expectedThe CHF/SGD exchange rate has been trading in an descending channel for a week now. This gradual decrease in price began when the pair reversed from the upper boundary of a medium-term ascending channel at 1.4180. As it apparent on the chart, the pair is being supported by the 55– and 100-hour SMAs on the 1H time-frame. It is expected that the pair breaches junior channel and re-tests senior trend in the nearest future. It is the unlikely case that some bearish pressure still prevails in the market, the Swiss Franc should not exceed the monthly PP at 1.4009.
by UnknownUnicorn890690
AUDSGD - Good time for accumulation?We have a few confluences on the AUDSGD pair at the moment - RSI is showing a divergence; Price is losing momentum to the downside; We have a completed Bat pattern; and Price has completed a ABC structure. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Long
by KarYong
EUR/SGD 1H Chart: Short-term increase expectedThe EUR/SGD exchange rate has been trading in an ascending channel for the last two months. This pattern was formed when the pair reversed from the senior ascending channel at 1.5627. Given that technical indicators still remain bullish in the short term, it is likely that the Euro goes upper the following days. A possible target is the upper boundary of the senior channel. It is the unlikely case that some bearish pressure still prevails in the market, the Euro should not exceed the monthly S1 at 1.5835.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Triangle patternThe Australian Dollar has been depreciating gradually against the Singapore Dollar since the middle of August. This movement has been bounded in a descending triangle. Assuming that this pattern is to hold intact for a couple of sessions, the Australian Dollar should gain momentum and aim for its upper line located near 1.0000. Then, most likely a breakout south should occur. From a theoretical point of view, this breakout should be followed by a surge, at least in the short term. The nearest downside target is the monthly S3 at the 0.9914 mark.
by UnknownUnicorn890690
SGD/JPY 1H Chart: Short-term decline expectedThe SGD/JPY exchange rate has been tended north since the middle of August when it reversed from the senior channel near 80.10. The general direction is expected to remain north within the scope of the next week. Two important levels to look out for are the monthly PP at 81.88 and the weekly R1 at 81.93. However, technical indicators suggest that this advance might not be immediate, as some downward pressure is likely to push the rate down to the 100-hour SMA at 81.22 or slightly lower to the weekly PP at the 81.09 mark.
by UnknownUnicorn890690
USD/SGD 1H Chart: Pair reaches new one-year highThe US Dollar has gained 3.30% against the Singapore Dollar during the past few weeks. This strong appreciation allowed the pair to reach a new one-year high and provide another confirmation of the upper channel line at 1.3727 early in July. By mid-Thursday, the Greenback had returned to re-test this high and subsequently breached it to test the 1.3740 mark. Technical indicators remain bullish for the following week, suggesting that a test of the senior channel near 1.39 may follow during this time. The weekly R3 is located nearby at 1.3875. This bullish momentum could be preceded by a slight correction south down to the 55– and 100-period (4H) SMAs located in the 1.3650 area.
by UnknownUnicorn890690
CHF/SGD 1H Chart: Franc breaks trend-lineThe CHF/SGD currency pair has been consolidating in the 1.3665/1.3790 range for a month now. Thus, the Swiss Franc failed to accelerate against the Singapore Dollar and approach the upper boundary of the senior channel. On Friday, the pair was still trading in the aforementioned range. However, it did break to the upside a downward-sloping trend-line and the 50.00% Fibonacci retracement at 1.3780. The rate is supported by the 55-, 100– and 200-period SMAs on both the 1H and 4H time-frames. This is likely to add some bullish pressure in the market and consequently result in appreciation of the Franc. An important resistance level is the monthly R2 at 1.3950. The upper boundary of the senior channel is likewise located nearby circa 1.4045.
Long
by UnknownUnicorn890690
BTCSGD - Strategy Currently showing a SHORT signalSame strategy as the related ideas below. (VERY SIMILAR TO BTCUSD HOWEVER WITH EXCEPTIONALLY HIGH PROFIT RETURN) Currently reading a short signal.. same as BTCEUR, BTCUSD and BTCGBP .. no long signal in sight so far Strategy Refer to BTCUSD related ideas below for detail into strategy, which works well with only high volume/volatile coins. Summary: All indicators must cross to give a strong buy/sell signal i.e. fibonacci lines, bollinger bands , macd , rsi must be crossed simultaneously. PNL = +1055% !!! Max Drawdown = 18% 5 closed trades in total spanning ~17 months (over 62% profit a month!!!) [i ]Main conclusion: just like the other BTC-X pairs... BTC is showing bearish signs for the moment...
B
by uahmad99
CHF/SGD 1H Chart: Awaits confirmation of surgeThe Swiss Franc is appreciating against the Singapore Dollar in a short term ascending channel. This gradual increase in price began on July 13 when the rate reversed from the senior channel in the 1.3580 area. This junior patter was breached today, thus indicating that a decline may be possible in the nearest time. However, it should be noted that the Franc faces a strong support level formed by the 55-, 100– and 200-period (4H) SMAs and the monthly PP near 1.3690. This strong cluster is likely to activate bulls, thus resulting in further appreciation towards the upper boundary of the senior channel. In this scenario, upside potential is apparent until the 61.80% Fibonacci retracement and the monthly R1 at 1.39.
by UnknownUnicorn890690