Singapore
Bullish Butterfly on SingTel Bullish Gartley on SingTel daily chart
Previous day candle closed as Doji
DOW JONE 30 new sell set up for this weekshort term trend is confirm down trend for February 2020
new sell set up forming up, a pull towards defined levels expected today, and from those levels any sell set up of 2nd rejection one can sell with institutional traders.
Play smart.
Ertiza
SG DBS BREAKING DOWN DBS is very weak now. Having bounced off 25 twice in recent time, it failed to make higher highs, failed the 55EMA, and is likely to revisit 25.
MACD supportive of bearish bias.
Going for a bounce at 24.50, and to consolidate at 24 for deliberation of a possible major rally to 40.
CAD/SGD Profitable LevelCAD had a nice bottom movement two weeks ago and we are convinced by the confirmations that it stopped the bears.
Entry: 1.028
Stop: 1.023
Target: 1.04
Have a nice week! Follow for more.
Higher high and low for AUDSGDJust a casual update on an earlier analysis posted:
Presently biased towards bullish.
AUD appears to have find support above the blue line -- previously acting resistance of the steeper downward channel since Dec 2018.
The pink lines forms the gentler downward channel started since 2017, expected to act as resistance levels for AUD ahead against SGD.
Expect AUD to be rejected at around 0.95-0.97 SGD to retest the support.
If AUD is able to pierce above 0.97 SGD and finds support, a follow-up pump is expected perhaps to ~0.99 SGD at the 38.2% Fib level.
If AUD is not able to find support at ~0.93 SGD, then expect a continuation of the descending channel (defined by the two blue lines), and expect price to go down and revisit 0.9 SGD.
Venture (V03) [1-3 weeks view]Long Venture
Entry: 15.50
TP: 17.40
SL: 15.25
Price reacting above ascending trendline support.
Price also holding above both short and long term EMA
MACD also entered bullish territory.
Price needs to surpass 16.10 in order to validate a clear bullish rise.
USDSGD long term buyI see USDSGD can go up in the next couple of months so this is a swing trade, it can go even higher but I'm looking for a 5:1...
I'll try also to take long positions in lower timeframes on the way up
Strait Times Index PlanI know there are a lot of levels I look for bullish liquidity there. It is only because the market presented me with a lot of levels to "play" with.
I am technically bullish on the Singapore Dollar (SGD) in spite of the recent easing policy of the currency. There is a positive correlation between the SGD and the STI it seems at the moment hence I am looking to speculate this index to move to the upside.
I am looking for business at one of these levels I have marked on the chart
Waiting at Bull Traps : AUDNZDChart Self Explanatory
No risk events for Australia and Switzerland today
GBPCHF - anticipating range bound marketIn the wider context, I am bearish Sterling. However, I am anticipating a range-bound price action today BUT I will only take "level rejection" to short this pair. I am looking for bull traps at the levels I have marked on the chart.
No risk events for the U.K and Switzerland
XAUUSD - looking for bull trapsI am still bearish bias for XAUUSD. I am looking for bull traps at levels I have marked on the charts.
Inwestment idea on the fall of HongKong as finance center HK has bad PR and it has problems getting this better.
The main beneficiary of shis will be Singapore.
My idea is to invest in the banking sector. Let's see how it develops
Monday plan GBPJPYThe 20-day ADR was missed on Thursday and Friday. Moreover, the 20-week AWR was missed as well (both upside and downside). Price expansion is much expected next week. I am still bearish GBPJPY hence I am looking for bull traps at the levels I have illustrated on the chart
Expect updates in the trading days next week in reference to this post.
USDJPY Hindsight "Review"Please check the post below as reference for this "review"
To the readers who were LONG biased USDJPY, it is fair to say USDJPY moved almost 100% as we anticipated. We anticipated USDJPY would hit the 20-week AWR upside projection and it did not. This week is a "missed" week so I am expecting a weekly worth price expansion within two weeks
Navigating the Cable 27/9I have identified three price levels that if tested, would warrant me to short GBPUSD (after an entry signal of course). The chart is self-explanatory
Navigating the Market : NZDGD 27/9This pair went through a rare two-day whipsaw-ish price expansion of 90+ pips each day. That is almost twice the 20-day ADR for this pair. Due to this I am anticipating a rather subdued price action today with 35-55 pips range on top of today is Friday and there are no risk events for New Zealand and Singapore.
I do see scalping opportunities (in 15 min or 5 min chart) for a Long trade if there is a stop hunt tapping under the London low and short trade if there is a stop hunt tapping at the NY-only session high. I am not a scalper so don't listen to me. However, I will short this pair if the latter happens. Due to negative swaps, I won't be holding this trade overnight, I'll take what I get and find a solution to continue the trade next week.
Navigating the Market : EURCAD 27/9I am intraday bearish bias for EURCAD. I have fundamental rationale to be bearish on the Euros but I don't for Canadian as of now.
The daily range yesterday was 61 pips whilst the 20-day ADR was 63 pips. I consider that as a hit. However, there is still more "space" to fill for this pair hence I am targeting the 20-week AWR downside projection.
I look for a tiny correction to the upside before considering to short EURCAD
There are no risk events for Euro and Canada
Navigating the Bias Shift : GBPJPY 27/9I am intraday bearish bias for Sterling today (both technical and fundamental rationale). I have marked levels that, if reached, will wait for a bearish signal. Price could go further down without tapping in these levels, which I would not chase. Let the price comes to me.
The daily range yesterday was small compared to the 120 pips 20-day ADR so I am expecting a price expansion today between 130-150 pips.
There are no risk events for the U.K and Japan
Navigating through Aramco B.S - I am still bullish BrentI am still bullish Brent for both technical and fundamental reasons. Fundamentally (and I am extremely oversimplifying this) am on the side who thinks 10-weeks restoration of the oil pipe/oil production is too ambitious and all a smoke screen.
Technically, the daily chart still tells me we should be bias on the LONG side and P3 Bullish activation happened yesterday (Price broke below Monday low)
I would warrant a long position now half the risk I usually put out and I would anticipate price would trade lower than yesterday's low around 61.500-60.500. If that happens, then my conviction to LONG Brent would increase and I would "bet" with the remaining risk I accommodate for this pair.
To understand the P3 activation, please find the link attached below (Monday with Tue/Wed Relationship)
Reading the right side of the chart : CADCHF 26 SeptI am bullish CADCHF at the moment. I missed the "anchor" signal yesterday but there are still opportunities to buy the dips. I am looking at 0.74560 - 0.74650 price zones and 0.74300-0.74400 as an "anchor" to long this pair towards the 20-week AWR upside projection or the levels at 0.75100-0.75200 depending from which price levels I long this pair
There are no risk events for Canada and Switzerland today.
