Sgd
CADSGD Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price broke above the (former) 1.03170 Resistance as well as the Lower Highs trend-line.
Target: 1.0400 (the next Resistance).
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GBPSGD Buy SignalPattern: Channel Down.
Signal: Buy as the Channel Down broke upwards.
Target: 1.77400 and 1.7800 (the two Resistance levels)
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EURSGD looking for a melt 🦐The market, after hitting few times the discending weekly trendline in red, created a double top formation.
After breaking the ascending channel price could restest the yellow structure and then move first to the 0.382 fib level and then to the 0.618 fib level.
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
USDSGD Break-out Sell SignalPattern: Channel Down on 1W.
Signal: Bearish if a full 1W candle closes below the 1W MA50.
Target: 1.35000 (just above the Symmetrical Support Zone).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Most recent USDSGD signal:
USDSGD a sell opportunity 🦐 The market after being in a side range between the recent lows and the 0.382 fib retracement level is now looking for a break to the downside.
Price got the rejected already twice by the Ema 21 and now bull seem to be in power on all the major usd pair.
IF the market will break below the structure at the retest of it we can set a nice short order according with our strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
(Newbie) Possible short trade GBP/SGDPossible new down trend if 0.236 retracement level is broken.
Retracement to 0.618 line likely.
TP1 1.73152
TP2 1.72717
TP3 1.72283
SL 1.74650
Any feedback welcome.
A trading opportunity to buy in GBPSGDTrading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.7190 to 1.7070). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
. Beginning of entry zone (1.7190)
. Ending of entry zone (1.7070)
Midterm forecast:
While the price is above the support 1.7070, beginning of uptrend is expected.
We make sure when the resistance at 1.7720 breaks.
If the support at 1.7070 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
The RSI bounced from the support #1 at 35 and it prevented price from more losses.
A trough is formed in daily chart at 1.7070 on 06/29/2020, so more gains to resistance(s) 1.7430, 1.7605 and maximum to Major Resistance (1.7720) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 49.
Take Profits:
TP1= 1.7430
TP2= 1.7605
TP3= 1.7720
TP4= 1.7855
TP5= 1.8080
TP6= 1.8275
TP7= Free
A trading opportunity to buy in GBPSGDTrading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (1.7190 to 1.7070). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
. Beginning of entry zone (1.7190)
. Ending of entry zone (1.7070)
Midterm forecast:
While the price is above the support 1.7070, beginning of uptrend is expected.
We make sure when the resistance at 1.7720 breaks.
If the support at 1.7070 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
The RSI bounced from the support #1 at 35 and it prevented price from more losses.
A trough is formed in daily chart at 1.7070 on 06/29/2020, so more gains to resistance(s) 1.7430, 1.7605 and maximum to Major Resistance (1.7720) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 49.
Take Profits:
TP1= 1.7430
TP2= 1.7605
TP3= 1.7720
TP4= 1.7855
TP5= 1.8080
TP6= 1.8275
TP7= Free
Exchange Rates: Change AUD back to SGDEarlier this year I had change SGD to AUD as I've planned to travel to Australia, due to Covid19 the plan is cancelled and this is the period I was waiting for a better time to change my SGD back to AUD as there will be no plans of travelling to Australia, at least for now.
I've made some money from the exchange. Having the trading knowledge do helps you to save and earn.
SGDHKD Buy SignalPattern: Triangle on 1W.
Signal: Bullish as the price is pulling back after near contact with the 1W MA50, which has been a bullish continuation pattern n 2016 and 2017.
Target: 5.700 (the bottom of the High Volatility Zone and inner Lower High trend-line).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Recent SGDHKD signal:
CHFSGD Buy SignalPattern: Channel Up.
Signal: Bullish as the price is near the Higher Low trend-line of the Channel with a bullish MACD.
Target: 1.5140 (previous Higher High Resistance) and 1.5930 in extension (only if you want additional long-term risk).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Previous CHFSGD signal:
EURSGD Sell SignalPattern: Channel Down with a long-term bullish Channel.
Signal: Bearish as the MACD is on a negative cross.
Target: 1.5500 (short-term) and the 1D MA200 (long-term).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Get ready to land at "USDSGD" AirportI think the price will go down soon and it's a good time to sell.
I considered 3 possible TARGETS to close TPs.
I think either the downward movement has already begun or after a retracement and touching the "moving average " line, it will start to decline...
USDSGD a sell opportunity 🦐The price after a minor retracement broke the rising wedge and retested it.
Currently the market is moving into a bearish momentum and price crossed the Ema 21 for short.
If the market will break below at the retest the structure we can look for a nice short order according to our strategy with a 1st Tp around 1.37 area.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURSGD rejected by historical trend line 🦐The market after the recent rally got rejected by the historical trend line in red.
Now the price broke and retested the support line and currently trying to break the structure at the 0.382 fib level.
IF the market will mange to break the structure we can set a nice short order according to our rules with a possible target around 1.551 or 0.618 golden ratio.
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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 Plancton0618 strategy will trigger.
SGDJPY Sell SignalPattern: Bearish Megaphone since early 2018.
Signal: Bearish as the price hit the 1D MA200 and that has been a 2 year Sell Signal except for once.
Target 75.000.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Short CHFSGDHi,
This is the only forex pair I trade.
Before the pandemic this pair was in a short run for a long term! Then the pandemic came and it went up for peaks. Makes sense, people see security in the Swiss dollar.
The world is now familiar with the pandemic, business are evolving, countries are recovering etc. The panic of covid is not going to last long and in general prices will go slowly back to normal. Nevertheless, I think this pair will trade between the highlighted zones in the chart in the next months.
EURSGD potential bearish reversalon DAILY: EURSGD is sitting around a resistance zone in blue so we will be looking for objective sell setups on lower timeframes.
unless price breaks it upward aggressively, then a bullish movement till our next resistance in purple would be expected.
on H1: this pair formed an objective trendline in red, and it is now forming a double top pattern.
So we are waiting for a momentum candle close below our last swing that forms around our red trendline to sell EURSGD.
meanwhile, EURSGD would be overall bullish.
NZDSGD Sell SignalPattern: Lower Highs on 1W since February 2017.
Signal: Bearish as the price is entering the Lower Highs Zone (red Rectangle) from March 2019.
Target: 0.85000 (just above the 0.8450 May 2020 Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Previous NZDSGD signal:
