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7 June: USDSGD could see a bounce hereHi everyone! Following a disappointing Non-Farm payroll report on Friday, USD pared recent gains and we are currently seeing a pullback on USDSGD. On the technical front, prices broke its previous high and descending trend line and is currently pulling back to our entry zone. Reason for these levels: The entry zone is also a support area that has been respected by price previously, where we saw a strong bounce above this area. On top of that, this area also coincides with fiboancci confluence levels and we could see a further upside from here. Our take profit targets are based off the graphical levels where price rejected previously, with the second take profit target in line with the -27.2 fibonacci retracement. Stop loss is placed slightly below the latest low we have on the H4 time frame.
Long
by T3-Consultancy
3
USD/SGD:BEARISH PATTERN FORMATION|SELL SCENARIO+FUNDAMENTAL🔔The Singapore Trade Balance for May was reported at $5.754B. Forex traders can compare this to the Singapore Balance for April, reported at $5.412B. Non-Oil Exports for May decreased 0.1% monthly and increased 8.8% annualized. Economists predicted an increase of 4.7% and 16.0%. Forex traders can compare this to Non-Oil Exports for April, which decreased 8.8% monthly and increased 6.0% annualized. US Initial Jobless Claims for the week of June 12th are predicted at 359K, and US Continuing Claims for the week of June 5th are predicted at 3,430K. Forex traders can compare this to US Initial Jobless Claims for the week of June 5th, reported at 376K, and to US Continuing Claims for the week of May 29th, reported at 3,499K. The Philadelphia Fed Manufacturing Index for June is predicted at 31.0. Forex traders can compare this to the Philadelphia Fed Manufacturing Index for May, reported at 31.5. The US Leading Index for May is predicted to increase 1.3% monthly. Forex traders can compare this to the US Leading Index for April, which increased 1.6% monthly. The forecast for the USD/SGD turned bearish following its price spike after the US Federal Reserve announced it moved its timetable for interest rate hikes forward. Can bears use the present technical scenario to pressure the USD/SGD into its horizontal support area?
Short
by FOREXN1
3
USDSGD Facing Bullish Pressure | 15th June 2021USDSGD currently facing bullish pressure above 38.2% Fibonacci retracement level and entry at 1.32533. With price holding above moving average, a short-term intraday push higher towards graphical swing high resistance and 61.8% Fibonacci extension level at 1.32773 could be possible. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
AUDSGD will it push higher from 1.02 support?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!
Long
by Shadowing_The_Big_Boys
USDSGD on a channel break? 🦐USDSGGis moving in a descending channel, the price after the attempt to break below the weekly support has started to move higher and reached the upper trendline. According to Plancton's strategy if the price will break above and the conditions will be satisfied we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
AUDSGD possible scenario 🦐AUDSGD on the 4h chart has tested the support at the 1.02 level. The price bounces over the descending channel trendline and we can expect a test of the resistance at 1.025. According to plancton's strategy if the market will provide us a sign of inversion we will set a nice short order according to Plancton's stratgey. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
💡Don't miss the great sell opportunity in EURSGD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.62151). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURSGD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 36. Take Profits: TP1= @ 1.61337 TP2= @ 1.60841 TP3= @ 1.60507 TP4= @ 1.60003 TP5= @ 1.59573 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
3
💡Don't miss the great sell opportunity in EURSGD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.62151). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURSGD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 36. Take Profits: TP1= @ 1.61337 TP2= @ 1.60841 TP3= @ 1.60507 TP4= @ 1.60003 TP5= @ 1.59573 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
8
💡Don't miss the great sell opportunity in AUDSGD Trading suggestion: . There is still a possibility of temporary retracement to the suggested resistance line (1.0399). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDSGD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 34 Take Profits: TP1= @ 1.0285 TP2= @ 1.0261 TP3= @ 1.0215 TP4= @ 1.0180 TP5= @ 1.0137 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
3
💡Don't miss the great sell opportunity in AUDSGD Trading suggestion: . There is still a possibility of temporary retracement to the suggested resistance line (1.0399). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . AUDSGD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 34 Take Profits: TP1= @ 1.0285 TP2= @ 1.0261 TP3= @ 1.0215 TP4= @ 1.0180 TP5= @ 1.0137 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
10
💡Don't miss the great buy opportunity AUDSGDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.0375). . 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 below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 1.0405 TP2= @ 1.0445 TP3= @ 1.0460 TP4= @ 1.0480 TP5= @ 1.0535 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
3
💡Don't miss the great buy opportunity AUDSGDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.0375). . 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 below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 1.0405 TP2= @ 1.0445 TP3= @ 1.0460 TP4= @ 1.0480 TP5= @ 1.0535 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
9
💡Don't miss the great buy opportunity in USDSGD Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.3246). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDSGD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 53. Take Profits: TP1= @ 1.3276 TP2= @ 1.3307 TP3= @ 1.3330 TP4= @ 1.3350 TP5= @ 1.3377 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
4
💡Don't miss the great buy opportunity in USDSGD Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.3246). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDSGD is in a range bound and the beginning of 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= @ 1.3276 TP2= @ 1.3307 TP3= @ 1.3330 TP4= @ 1.3350 TP5= @ 1.3377 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
11
💡Don't miss the great buy opportunity in SGDJPYTrading suggestion: There is a possibility of temporary retracement to the suggested support line (81.228). . 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 59. Take Profits: TP1= @ 81.778 TP2= @ 82.118 TP3= @ 82.447 TP4= @ 82.768 TP5= @ 83.302 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 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
21
💡Don't miss the great buy opportunity in SGDJPYTrading suggestion: There is a possibility of temporary retracement to the suggested support line (81.228). . 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 59. Take Profits: TP1= @ 81.778 TP2= @ 82.118 TP3= @ 82.447 TP4= @ 82.768 TP5= @ 83.302 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 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
7
Might see some bounce upwards...then heading down again... 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
AUDSGD ready for the range break 🦐AUDSGD is moving between a minor support and a weekly resistance structure. The price has now broken the descending trendline and according to Plancton's strategy if the market will break above we will set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
Looking for bounce up and resume downwards move... 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
SGDJPY looking for recent highs 🦐SGDJPY after breaking the 1st resistance is consolidating between 2 structures. The market is following an ascending trendline and according to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
AUDSGD testing a channel 🦐After the recent highs, AUDSGD retraced over the weekly support. The market is moving inside an ascending channel and according to Plancton's strategy, if the price will break above the minor trendline we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
It's a great buy opportunity in USDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3335). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 1.3470 TP2= @ 1.3525 TP3= @ 1.3555 TP4= @ 1.3615 TP5= @ 1.3705 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
27