Get started

Sgd

SGDGHS: Short Period TargetI predict for the Singapore vs. GHANAIAN CEDI is going to have a 3.5 target really soon. This is going to be true given the fact that Singapore is becoming technologically stronger and the dollar of Ghana's Republic is vulnerable to hyper inflation and continued devaluation. The economy of Singapore is extremely strong. They have the 3rd highest GDP per capita by purchasing power and the 10th highest nominal. The technological advancements over Singapore is expected to have a continued rise as well.
Short
by gamer456148
AUD/SGD 1H Chart: Wedge prevailsThe Australian Dollar was stranded in a six-month channel down against the Singapore Dollar prior to breaching this pattern early January. This breakout occurred after the pair reached the 2017 low of 1.0142 on December 7. As a result, it has since managed to recover some of the previous losses and return at mid-October level. The Aussie has diminished its trading range in an ascending wedge. Characteristics of this patter suggest that the rate could approach its bottom boundary in the 1.0520/40 area. The rate might even fall down to the 1.0470 mark where the 200-hour SMA and the weekly PP are located. In case this level is breached, the Aussie might be pushed towards the weekly S1 at 1.0428. On the other hand, the pair could be sent towards the monthly R2 at 1.0660 if bulls prevail.
by UnknownUnicorn890690
SGD/JPY 1H Chart: Possible change in sentimentSGD/JPY was trading in a channel up for two months prior to breaching this pattern to the downside. The pair subsequently fell down to 83.40 and has since remained slightly above this mark. The current movement sideways suggests that a surge might be due in the nearest time. This assumption could be confirmed if the Singapore Dollar fails to breach the combined support of the monthly S1 circa 83.30 during this week. The nearest upside target is the 200-hour SMA and the weekly PP near 84.20, while the rate might push towards the monthly and weekly R1s at 85.00 during the following week or two. Its positioning suggests that a surge might follow in the medium term, thus setting the upper wedge boundary circa 85.60 as a possible target.
by UnknownUnicorn890690
SGD/THB Daily Update (16/11/17)Probably 24.2 would hold the price. 25 would be a good price to go change your dollar and fly to Thailand for holiday. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
Long
by imjmesl
CHF/SGD 1H Chart: Pair respects senior channelCHF/SGD has been dominated by two channels. The medium-term pattern has confined the rate since late October. The pair failed to reach its upper boundary earlier this week, when the senior channel forced the Franc to reverse from the 1.3730 mark. Technical indicators show mixed results about the pair’s direction during the following sessions. As apparent on the chart, the Franc has been trying to overcome the 55-hour SMA—an area which is likewise reinforced by the weekly PP and the 61.8% Fibo. This strong resistance cluster is expected to pressure the rate lower during this session. This fall, however, should not be long-lasting, as the weekly PP and the 200-hour SMA are located nearby circa 1.3620. As a result, these two barriers could bound the rate for several sessions. Its subsequent movement might be lower, setting the 1.3520 area as a possible downside target.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Pair ready to breach wedgeThe Australian Dollar has appreciated against the Singapore Dollar during the past three weeks. This movement upwards has sent the pair closer to the upper boundary of a long-term channel down. If looking in the short term, the latest up-wave has been stranded in an ascending wedge. The Aussie has, however, remained near its northern boundary for several trading sessions. This suggest that it could eventually breach the weekly R1 located at 1.0401. This scenario would then push the rate towards the senior channel circa 1.0420. Meanwhile, technical indicators suggest that the rate could afterwards edge lower, thus failing to breach this mark. In case the 55-hour SMA is breached today, the Aussie is likely to stop near 1.0340.
by UnknownUnicorn890690
USD/SGD 1D Chart: Long term crossroadsUSD/SGD is one of the slow moving pairs, whose review needs to be done by looking at the longer term. In general the daily chart reveals that the pair has been declining for a very long period of time. However, recently the pair encountered a support level, which might mark a change. A channel up pattern of the same size as the previously active channel down pattern has been revealed. Although, whether the previous patterns resistance does not held still needs to be seen. Meanwhile, in the short term traders should watch the two junior patterns, which can be seen on the chart,
Long
by UnknownUnicorn890690
USDSGD D1 Opportunity Within RangeTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. USDSGD Technical Outlook To open long positions for USDSGD, it is required: In this situation we are now waiting for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. The market enviroment is still ranging but we will monitor the activity of our positive readings until signal is in the appropriate conditions. Risk Description: Once signal is confirmed 180 pips will be up for grab with small risk SL at swing low. The 2 previous signal on this pair was 328 pips and another 242 pips of profit since JAN/2017 to current date. We have seen quite a bear run this pair and we are now looking to capture for the bulls to deliver a impulse wave to the upside going into Q1 2018. Profit expectations: 20 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal. We could possibly wait over 1-2months before an official signal if market decides to range on this exotic pair. Current Dynamic S/R Levels: Swing high: 1.3672 Swing Low: 1.3469
Long
by UnknownUnicorn1372988
SGD/JPY 1H Chart: Rate tests short-term channelA pattern that has dominated the SGD/JPY currency pair since late April is an ascending wedge. It seems that the maturity of this pattern could be reached within the following weeks, thus pointing to a possible breakout south. In the short term, the Singapore Dollar bounced off the upper wedge boundary early in November and has since edged lower; thus, another formation—a more chaotic channel down—is apparent on the chart. This pattern is guiding the pair towards the lower wedge boundary in the 81.90/82.20 area. The given channel is expected to dominate, thus pointing to weakening during the following week. The nearest support is the 200-hour SMA, the weekly and monthly PPs circa 83.20. The Singapore Dollar might hinder near this mark, but should eventually breach it and approach the weekly and monthly S1s at 82.50.
by UnknownUnicorn890690
USD/SGD 1H Chart: Bearish patterns dominateUSD/SGD is being dominated by several channels, the most important of which in the short term are three. The US Dollar bounced off the upper boundaries of the two most senior channels on October 27 and subsequently began trading lower. Its bottom boundary was tested a month later near the 1.3440 mark. The pair has since recovered some of its lost positions and thus tested the weekly PP two times. It is expected that the most junior channel could be respected during the following two trading sessions until the psychological 1.35 mark is reached. However, technical indicators suggest that the rate might trade lower within next week. A possible downside target could be the 1.34 area where the bottom boundary of a five-month channel is located.
by UnknownUnicorn890690
EUR/SGD 1H Chart: Euro appreciates in short termThe common European currency is trading in a channel down against the Singapore Dollar. The upper boundary of this pattern was tested mid-November after which the Euro initiated a new wave down. This gradual decrease in value, however, was disrupted near the 1.5870 mark when the Euro reversed to the upside once again. Along the way, the pair managed to surpass the 55-, 100– and 200-hour SMAs and the weekly PP. Technical indicators suggest that this could be just a minor correction against the general down-trend and the pair should eventually resume its movement south. This assumption is in line with the senior pattern. A possible downside target could be the monthly S1 near the 1.5751 mark. On the other hand, in case of a continuous movement south, the Euro might halt near the monthly R1 at 1.6035.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Aussie stranded in narrow rangeAUD/SGD has been dominated by a flat descending channel since late September, 2016. The pair’s last wave down in this pattern has been stranded in two additional channels. As apparent on the hourly chart, the Aussie still falls short from the bottom boundary of the senior channel near 1.0160; thus, there is still some downside potential. The monthly S2 at 1.0227 has halted the rate on two separate occasions during the past week. This factor, together with neutral technical indicators, suggest that the strong bearish sentiment might have allayed, thus giving bulls an opportunity to take the upper hand in the nearest time. Given the fact that the pair has been confined in a narrow range between the monthly S2 and the 55-hour SMA, no significant changes might occur during this session (in case the RBA Governor Philip Lowe does not shake the market dramatically). Subsequently, appreciation is expected to follow.
by UnknownUnicorn890690
CHF/SGD 1H Chart: Channels prevailCHF/SGD has been guided by two opposite channels. The senior formation has restricted the pair in a descending movement since late May. After bouncing off its bottom boundary two weeks ago, the pair formed a junior channel up along the way. These two patterns suggest that the pair should appreciate during the following two weeks, at least. This assumption is reinforced by the fact that the rate might try to move away from the 1.3550 mark—its lowest level since early 2015. In the short-term, however, the rate is likely to trade relatively sideways, given the movement of a minor three-day channel (drawn with dashed lines). The rate might hold this consolidation phase during this week and then resume its upward movement. A near-term upside target is the weekly R2 and the monthly PP circa 1.3775.
by UnknownUnicorn890690
USD/SGD 1H Chart: US Dollar about to breach triangleUSD/SGD has been trading in a channel up since late August. This formation began when the rate reached a 2017 low at 1.3357 on September 8; the US Dollar has since moved up to the 1.36 mark. Another notable pattern that can be distinguished is a descending triangle. During its last wave down from the channel, the US Dollar was diminishing its trading range, but at the same time it failed to move below the 1.3580 mark, thus creating this aforementioned triangle. Technical indicators are in favour of a short-term recovery which is likely to hinder near a resistance cluster formed by the 55-, 100– and 200-hour SMAs circa 1.3620. In case this area is breached, the rate might push for the 1.3731 mark. Conversely, a failure to do so might strand the rate in a narrow trading range slightly above the 1.3580 mark. The Greenback should eventually break out to the downside and aim for the lower channel boundary near 1.35.
by UnknownUnicorn890690
USDSGD long for month of NovemberUSDSGD broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bull candle gives me enough reason to believe an up trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These trades are designed to have 3 different exit strategies: 1) Stop out. 2) Manual closure. 3) End of month manual closure. * End of month manual closure means that the month is over and trade parameters are no longer valid, therefore I will close the trades manually.
Long
by BACapitalManagement
USD/SGD 4H Chart: Set to GainThe US Dollar recently broke a massive scale descending channel pattern against the Singapore Dollar. The breaking of the massive scale pattern occurred in a channel up pattern, which is likely the first move in the revelation of a new massive pattern. Meanwhile, the currency exchange rate has made a rebound and revealed an ascending channel pattern in the borders of the medium scale pattern. Moreover, most recently the pair made a rebound in the junior pattern. Due to that reason it is expected that in the short term the currency exchange rate will reach the resistance of the weekly PP at the 1.3653 level.
Long
by UnknownUnicorn890690
SGD/JPY 1H Chart: Several patterns at playThe pair’s movement has been guided by several patterns, the most eminent of which are a long-term ascending wedge (valid since mid-2016) and two shorter-term patterns—a channel up and descending wedge. The Singapore Dollar bounced off the upper line of all three patterns on October 25 when it found the resistance of the weekly R1 at 83.74 and is now weakening against the Yen in the previously-mentioned descending wedge. It should also be noted that the pair breached a three-month channel up last Friday. This factor together with characteristics of the junior wedge suggest that the pair might form a retracement near the 83.50/60 mark prior to resuming its movement down to the lower channel boundary circa 82.60/80. Given that the rate faces a significant resistance area set by the 55-, 100– and 200-hour SMAs and the weekly PP, the rate might not even gain enough strength for the retracement, thus continuing to trade lower both in short- and medium term.
Short
by UnknownUnicorn890690
EUR/SGD 1H Chart: Channel boundary holdsThe common European currency has been trading in a downward-sloping channel against the Singapore Dollar for the last two months. The second bottom confirmation was provided late on Friday when the rate bounced off the 1.5828 mark. The massive plunge that began on October 26 sent technical indicators in the strongly bearish and oversold territory. These signals are gradually recovering, thus pointing to a possible upward momentum—a move that would once again demonstrate the strength of the descending channel. However, the Euro faces a significant resistance area set by the weekly PP and R1, the monthly S1 and the 55-, 100– and 200-hour SMAs in the 1.5913/1.6022 territory. It is likely that the rate hinders near this area or even trades lower prior to breaching it during the second half of this trading week.
Long
by UnknownUnicorn890690
AUD/SGD 1H Chart: Aussie moves in channelThe Aussie is trading in three channels simultaneously against the Singapore Dollar. The senior channel is more clearly apparent on the daily chart as it was formed mid-2015. Meanwhile, the medium-term descending channel has guided the pair towards the bottom line of the long-term channel during the past two months. The Aussie was trading in a wave down since October 19; however, sluggish Australian CPI data released early this morning resulted in a 74-pip plunge in just two hours. As a result, the rate is located at the bottom boundary of the most junior channel near the 1.0510 mark. This massive fall has pushed technical indicators in the strongly bearish territory. Thus, the most likely scenario favours the rate rebounding from this are and approaching a combined resistance of the 55-, 100– and 200-hour SMAs and the weekly PP near the 1.0630 mark. Given that the rate has still not reached the bottom boundary of the long-term channel, bears might prevail in the following weeks.
by UnknownUnicorn890690
USD/SGD 1H Chart: US Dollar respects wedgeThe US Dollar was trading in two patterns simultaneously, namely, a channel down valid since early October and a week-long ascending wedge. As apparent on the chart, the latter prevailed when the rate breached the upper channel boundary early on Friday. In general, ascending wedge is a bearish pattern that should eventually push the rate lower. Thus, it is likely that the US Dollar reaches the weekly R1 and the 23.6% Fibo at 1.3610, reverses to the south and breaches the junior pattern near the 1.3570 mark. The pair still faces the 55-, 100– and 200-hour SMAs, the 38.2% Fibo and the weekly PP along the way—a support area that is located near the aforementioned line. In case of a breakout, the Greenback should initiate a new down, thus requiring to adjust to the upside the previously-drawn channel lines.
by UnknownUnicorn890690
CHF/SGD 1H Chart: Pair remains near channel lineThe movement of the CHF/SGD exchange rate during the past weeks has been characterized by two descending channels. The senior formation which was formed late in August started with two distinctive downward-sloping waves. Subsequently, the rate’s movement become rather chaotic in the result of which the junior channel started to appear. It has confined the pair near the upper boundary of the senior patter for several weeks. The Franc has failed to reach the lower boundary of the junior pattern since last week, thus suggesting to a possible breakout north. However, given that this side is restricted by the upper channel line and the 200-hour SMA circa 1.3880, this surge might not be long-lasting. The rate might still trade lower down to the monthly S2 circa 1.3750; however, bulls should eventually take the upper hand and thus make a breakout from both channels.
by UnknownUnicorn890690