AUDSGD over a weekly support 🦐AUDSGD after the bullish impulse of last Friday closed above a weekly support.
The price after touching the upper trendline of the major ascending channel starts a minor retracement for a retest of the support.
IF the price will break and close above the resistance area at 1.00800 we can set a nice long order according to Plancton's strategy.
–––––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together
Sgd
USD SGD BUY (US DOLLAR - SINGAPORE DOLLAR)Hi there. Price is forming a reversal pattern to change its direction.
These are the fundamental reasons for a possible USD/SGD bullish scenario:
Sentiment shifts:
Bullish scenario:
A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no deal by EU summit.
In this scenario we would expect to see downside in equities across the board, with US equities expected to fall more if we see US stimulus talks break down and more downside for EU equities if we see Brexit talks collapse and upside in the dollar across the board.
Strong equity sell offs are usually accompanied with some support for the US dollar as the world’s reserve currency and with its safe haven status as well as Japanese yen and Swiss franc .
AUDSGD looking up 🦐AUDSGD on the 4h chart after breaking abobve the 0.98500 area, started a ranging phase between 2 structures.
IF the price will break above the 0.98850 area we will set a nice long order according to Plancton's strategy.
–––––
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.
Select Asian Currencies vs Inverse DXY, recent trends & past 10yThe inverse of the US Dollar Index DXY versus select Asian currencies of Japanese yen JPY, Korean won KRW, Singapore dollar SGD, Malaysian ringgit MYR, Thai baht THB, Philippine peso PHP - note recent trends against trends over the last decade.
💡Don't miss the great buy opportunity in USDSGDMidterm forecast:
While the price is above the support 1.3400, beginning of uptrend is expected.
We make sure when the resistance at 1.3885 breaks.
If the support at 1.3400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 1.3549 on 2020-09-01 and the trough at 1.3512 on 2020-10-22, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 1.3510 on 10/22/2020, so more gains to resistance(s) 1.3550, 1.3675, 1.3785 and maximum to Major Resistance (1.3885) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 35.
Take Profits:
TP1 @ 1.3550
TP2 @ 1.3675
TP3 @ 1.3785
TP4 @ 1.3885
TP5 @ 1.4270
TP6 @ 1.4635
TP7 Free
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💡Don't miss the great buy opportunity in USDSGDMidterm forecast:
While the price is above the support 1.3400, beginning of uptrend is expected.
We make sure when the resistance at 1.3885 breaks.
If the support at 1.3400 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 1.3549 on 2020-09-01 and the trough at 1.3512 on 2020-10-22, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 1.3510 on 10/22/2020, so more gains to resistance(s) 1.3550, 1.3675, 1.3785 and maximum to Major Resistance (1.3885) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 35.
Take Profits:
TP1 @ 1.3550
TP2 @ 1.3675
TP3 @ 1.3785
TP4 @ 1.3885
TP5 @ 1.4270
TP6 @ 1.4635
TP7 Free
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AUSSIE SINGAPORE TRADEI find that the aud/sgd is in a daily uptrend now and with the sell off we have seen on the weekly chart shown here when price pullsback to the ema 89, now is potentially time to find the reversal now the daily will turn before the weekly. now the daily has turned it gives us an opportunity for a good longer term position for a lot of pips.
💡 Two buy opportunity in EURSGD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5928).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD 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 50.
Take Profits:
TP1= @ 1.6100
TP2= @ 1.6254
TP3= @ 1.6305
TP4= @ 1.6440
TP5= @ 1.6785
SL= Break below S2
------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5941).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.6040
TP2= @ 1.6100
TP3= @ 1.6170
TP4= @ 1.6249
TP5= @ 1.6311
SL= Break below S2
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Two buy opportunity in EURSGD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5928).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGDis 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 50.
Take Profits:
TP1= @ 1.6100
TP2= @ 1.6254
TP3= @ 1.6305
TP4= @ 1.6440
TP5= @ 1.6785
SL= Break below S2
------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5941).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURSGD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.6040
TP2= @ 1.6100
TP3= @ 1.6170
TP4= @ 1.6249
TP5= @ 1.6311
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 ❤️
CHFSGD can break below 🦐CHFSGD on the daily chart is moving inside a descending channel.
The price hit and got rejected by the upper trendline around 1.50 level and hit the ema21.
On the 4h chart the market hit the lower trendline of a minor descending channel.
IF the price will break below the minor structure at 1.49200 we will set a nice short order according to Plancton's strategy.
–––––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
USDSGD double bottom and go 🦐USDSGD on the daily chart bounced over a weekly support at 1.35400.
The price started then a new impulse and soon will test a minor resistance.
IF the price will break and close above the structure we will set a nice long order according to Plancton's strategy.
–––––
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.
USDSGD Buy setupEntry: 1.3531
Stoploss: 1.3526
Risk: 5 pips
Reward: 90-122pips minimum
Risk/Reward: 1:36
Supplementary information
3 possible buy entries,
2 aggressive entries for traders with high risk tolerance
My personal preference is to place a limit order @ the low (1.3531) to minimise risk
Comment: The setup becomes invalid if price breaks 1.36245
CHFSGD looking for bear power 🦐CHFSGD on the daily chart bounce at the top of the desceding channel at 1.50 area.
The price on the daily chart turn into a bearish scenario.
IF the price will close the 4h candle below the support structure at 1.49400 we will set a nice short order according to Plancton's strategy.
–––––
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.
AUDSGD retrace for a new bearish leg? 🦐AUDSGD on the daily chart found support over the lower trendline of a descending channel.
The price couldn't break below and will probably move up for a retracement.
IF the price will test again the resistance area at 0.96800 and give us a sign of inversion we will set a nice short order according to Plancton's strategy.
–––––
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 the EUR against SGDWith EUR strength likely to lead to verbal intervention from the ECB, and the direction of the USD being uncertain for now, EUR/SGD could be the way to express the view of SGD and Asian currency outperformance in the weeks ahead.
EUR/SGD looks set to break below the daily Ichimoku cloud. If 1.5950 breaks decisively, the move can quickly accelerate to test the lows of 1.5500s.