SGDJPY Is on a Bearish Move
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Hi Traders, SGDJPY on H4 is on a strong Bearish move after the Support breakout, it might go up to around 80.89 before it goes down.
⬇️Sell now or Sell at 80.89
⭕️SL @ 81.28
✅TP1 @ 80.04
✅TP2 @ 79.81
✅TP3 @ 79.68
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SGDJPY
💡Don't miss the great sell opportunity in SGDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (80.89).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SGDJPY 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 20.
Take Profits:
TP1= @ 80.04
TP2= @ 79.81
TP3= @ 79.68
TP4= @ 79.29
TP5= @ 79. 01
SL: Break Above R2
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💡Don't miss the great sell opportunity in SGDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (80.89).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SGDJPY 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 20.
Take Profits:
TP1= @ 80.04
TP2= @ 79.81
TP3= @ 79.68
TP4= @ 79.29
TP5= @ 79.01
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 ❤️
SGDJPY - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
SGDJPY is sitting around a weekly resistance in blue so we will be looking for sell setups on lower timeframes.
on H4: SGDJPY is forming a trendline in red but it is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, SGDJPY would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
💡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 ❤️
💡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 ❤️
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.
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SGDJPY on the retest 🦐SGDJPY after the break above is currently retesting the structure.
According to Plancton' strategy if the conditions will be satisfied 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.
SGDJPY Accurate Forecast: Don't miss thisA lower degree abc is completed which is the B wave of a higher degree ABC. After the completion of the ABC corrective structure we expect the next impulse up. I will keep updating this chart if necessary. Comment, like follow for more accurate ideas. Thank you.
Fundamental Analysis of SGD/JPYThe Preliminary Japanese GDP for the second quarter decreased by 7.8% quarterly and by 27.8% annualized. Economists predicted a lower of seven.6% and 27.2% annualized. Foreign exchange merchants can evaluate this to the Japanese GDP for the primary quarter, which decreased by 0.6% quarterly and by 2.2% annualized. Preliminary Personal Consumption for the second quarter decreased by 8.2% quarterly, preliminary Capital Expenditure decreased by 1.50% quarterly, and preliminary Exterior Demand decreased by 3.0% quarterly. Economists predicted a lower of seven.1%, 4.2%, and three.2%. Foreign exchange merchants can evaluate this to Personal Consumption for the second quarter, which decreased by 0.8% quarterly, to Capital Expenditure, which elevated by 1.7% quarterly, and to Exterior Demand, which decreased by 0.2% quarterly.
Closing Japanese Industrial Manufacturing for June elevated by 1.9% month-to-month and decreased by 18.2% annualized. Economists predicted a rise of two.7% and a lower of 17.7%. Foreign exchange merchants can evaluate this to Japanese Industrial Manufacturing for Could, which decreased by 8.9% month-to-month and by 26.3% annualized. Capability Utilization for June elevated by 6.2% month-to-month. Foreign exchange merchants can evaluate this to Capability Utilization for Could, which decreased by 11.6% month-to-month.
The Singapore Commerce Steadiness for July was reported at $3.300B. Foreign exchange merchants can evaluate this to the Singapore Steadiness for June, reported at $4.990B. Non-Oil Exports for July elevated by 1.2% month-to-month and by 6.0% annualized. Foreign exchange merchants can evaluate this to Non-Oil Exports for June, which decreased by 1.4% month-to-month, and which elevated by 13.9% annualized.
The forecast for the SGD/JPY stays bearish amid the widening Covid-19 pandemic, which retains safe-haven demand for a slowly rising development as soon as once more. As extra world financial knowledge is launched, the situation is worse than initially anticipated.