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Sgd

Usdsgd having more bearish toneMore downside to come? **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
USDSGD Entered its 6 year Resistance Zone.The USDSGD pair has entered a Resistance Zone where it has made long-term tops and got rejected since January 2016. Even if the long-term pattern is a Channel Up, technically there isn't much room for further growth before a correction near the 0.786 Fibonacci retracement level at least. It is interesting to see also that all rejections had the same aggressive sell-off behind them, reaching the middle of the Channel (0.5 Fib) in a matter of 2-3 months. Also check the 1W RSI. Strong rejections took place once it broke above the 70.000 overbought barrier. Right now we are above it. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
With USD strengthening, Usdsgd should be for a LONG*************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
USDSGD pulling back. Two levels to buy.The USDSGD pair made a Double Top rejection two days ago and is currently on a strong bearish 1D candle. With the 1D RSI also rejected on a Double Top last since in September 29 2021, the next level to consider entering is just above the 1D MA50 (blue trend-line), which is where the June 16 Bull Flag found Support. A 1D candle close below the 1D MA50, should target the bottom of the long-term Channel, just above the 1D MA200 (orange trend-line), which is where the last two Higher Lows were formed on August 11 2022 and April 14 2022. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
Difficult decisions The bot signalled a double confirmation long on SGDJPY but looking at the chart I have my doubts. USDJPY is clearly the stronger of the two and has moved back above the inflection level, where as SGD is looking weaker after falling below INF and showing some bearish price action. Interestingly however USDJPY didn't signal from the bot, so the difficult decision is to trust the bot and enter SGD or go without a clear signal and buy USD? Neither trade really fits into my playbook, so I'm sitting on my hands for now.
by RuckSack
Singapore dollar weighing down the British poundThe Singapore dollar has shown great strength for the past 12 months against the Great British pound, underpinned by the Singaporean economy growing 7.6% and expectations for it to continue growing the rest of this year. Adding to the strength of the Singapore dollar in recent weeks is China starting to lift its strict lockdowns, as China is Singapore’s third largest trading partner. Looking at the weekly chart of the GBPSGD, we can easily see the strength of Singapore weighing this pair down. The BGPSGD has recently taken out the low from June 2020 and is possibly targeting the March 2020 next. With an Aroon indicator on the chart of GBPSGD, we can look at the portions highlighted within the two circles and their corresponding trends in the chart above. The Aroon indicator is typically used for spotting trends and the strength of trends by following the movement of an orange ‘Up’ line and a Blue ‘Down’ line. Within the first circle, the rising Up and Down lines suggest a weak trend for the corresponding chart. As such, the uptrend quickly petered out and entered a period of consolidation and a quicker reversal. Within the second circle, we can see the Down line cross below the Up before reversing its trajectory. This movement in the Aroon indicator corresponds with the attempted bullish push in the GBPSGD. Once the Aroon lines reversed, The bullish push disappeared, and a strong bearishness entered the GBPSGD, and did so until the start of May. Currently, we can see that the two Aroon lines are separated by quite some distance. It may be worth keeping track of the Aroon lines to determine how close the GBPSGD wants to move toward that March 2020 low, if its downward trend holds.
by BlackBull_Markets
💡Don't miss the great sell opportunity in SGDJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (86.44). 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 a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 48. Take Profits: TP1= @ 86.18 TP2= @ 85.95 TP3= @ 85.59 TP4= @ 85.20 TP5= @ 84.77 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
6
💡Don't miss the great sell opportunity in SGDJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (86.44). 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 a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 46. Take Profits: TP1= @ 86.18 TP2= @ 85.95 TP3= @ 85.59 TP4= @ 85.20 TP5= @ 84.77 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
5
💡Don't miss the great buy opportunity in AUDSGDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.96690). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . AUDSGD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 56. Take Profits: TP1= @ 0.97073 TP2= @ 0.97409 TP3= @ 0.97830 TP4= @ 0.98296 TP5= @ 0.98671 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
4