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Long AUDSGD after MAS easing policy and AUD employment dataBetter than expected employment data from Australia this week boosted the AUD against most currencies. Due to the previously weak USD, AUDUSD had already moved into a bullish sentiment zone, and this weeks data adds to that conviction. We note however a potential trade setup for AUDSGD as the good Aussie data accompanied by the easing move by MAS allowed the pair to break above the 1.04 handle, to turn the current sentiment from  a neutral sideways market to a bullish break out.  Visit our main page at www.fxgenesisfm.com for more analysis and articles, or if you wish to connect with fellow trend traders. :)
Long
by FxGenesis
Fed policy may drive the Dollar @1.41588With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements. The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon. As for the chart, a HS Pattern upon completion with the daily trend AND Aug Resistance acting as consolidation. If the price manages to break beyond these points then I am guessing that we're going to be up for a hell of a ride towards October highs @1.43587 (201 pips) to then briefly correct near November highs then continue its surge and even push further than October highs. Stop Loss centered within Left Shoulder which is also below short term support @1.40929 (66 pips) This was made through research and insights gathered. Let me know what anyone thinks, I believe we're really onto something here! Regards
Long
by moemia
More easing measures soonIt is expected that the Singapore general election should be held within this year, coincide with the 50th anniversary and the death of the former Prime Minister Lee Kuan Yew recently. On one hand, in order to get sympathy votes from people and also a weakening economy globally. It won't help the ruling party if the election were to be held in a period of recession. I am expecting a potential double top and sideways movement until the general election, which we'll then see massive easing measures to boost exports. "Singapore June Factory Output Falls 4.4% Y/y; Est. 0.4% Drop" A target of 1.5579 in the near term shouldn't be of any surprise, if the FED were to target a rate hike of at least 1% aggressively over the next year as said from the 'leaked' document. www.zerohedge.com
by LastBattle
USD/SGD - High-Probability Bullish Continuation USD/SGD Confluence: 1. 50/60 - 200/250 EMA Crossover in January 2015 indicated a major transition in market sentiment. 2. Measuring the entire symmetrical triangle breakout leg from Summer 2014 to the highs at 1.39 which marked the end of the Quarter 1 of 2015, we can see the .5 - .618 Fibonacci retracement lies at 1.32- 1.30 3. 1.32 was the peak of the symmetrical triangle providing significant resistance. Look for this area to now act as a new major support level. 4. A re-test of the 1.32-1.30 zone would also coincide with a retest of the 50/60 EMA's as new dynamic support for the first time since 2002. 5. The ten year weekly trend-line was broken during the symmetrical triangle breakout, this eliminates any chance of this trend-line providing bearish resistance. 6. As the USDOLLAR Index starts a bearish leg down following the weekly double-top pattern, this provides us additional confluence for USD/SGD continuing its bearish leg down to 1.32. 7. Any price action signal that occurs in the high-probability zone of 1.32-1.30 will be the catalyst for me to take a long trade in this market targeting the highs at 1.39
Long
by LoneWolfCapital
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