Get started

Singapore

Deep correction inbound for SGXThanks for viewing. First of all, this isn't based on any fundamental factors to do with Singapore per-se, apart from Singapore standing between two huge but struggling economies; China and Europe. Singapore is a very nice place, with great people, who have overcome significant challenges to create what is a shining light in Asia. If my view eventuates, I am confident Singapore will bounce back stronger than ever afterwards. Generally, we can see an equities index that has yet to reclaim 2008 highs, and hasn't shown anything approaching the bullish behaviour of the S&P 500 since March 2009. The rally has been far from convincing and seems to be showing a bearish set-up with medium term targets of -20%. There is a weekly MACD histogram tick on the downside and the MACD moving averages are crossing over negative. There is some moderate bearish RSI divergence between the March 2017 high and the January and April 2018 swing highs that preceded the 18% drop to the Oct 2018 swing low. I would be eyeing a break below first, 3104.03 as an entry point, followed by a break below 2955.68 targeting 2730 and below. This is just for me to keep track of the market behaviour vs my targets - I am not trading this set-up. Although, I hope there aren't too many people in highly leveraged long positions. Protect those funds.
TVC:STIShort
by flyinkiwi10
AEM Holdings (SGX)Market drop in progress towards Trend level at $1.00/$0.97 region. After which an intermediate bounce is expected. Market reacted below desceding trendline resistance RSI (21) reacted below 53% resistance level and has entered bearish territory below 50% level. RSI (21) 53% resistance level is also where price has reacted many times in the past, as seen by the yellow arrows. Buying area finds confluence with fibo retracement and strong supply and demand level. Just an educational post to show how a confluence of technical elements can give a good trade with much higher probability. Also, because there is no good risk reward to this, I'm posting this as an educational material.
SGX:AWX
by laughingchartist
Nam Cheong (Are we seeing some movement?)View On Nam Cheong (29 Apr 2019) There is some bullish attempt at the strongly contested region of 0.01 - 0.012 regions. We will need to see if would the attempt succeed? If yes, (only if it can Break out), it can cruise to 0.020. Be careful as always. BTW, it is the penny counter. Not for the faint-hearted. I warned ya. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
N
by SonicDeejay
USDSGD broke Trend Line, Probably Continues Range TradingUSDSGD broke its long-term trendline during Thursday trading, but moved below this line during Friday trading in spite of the fact that oscillators are pointing towards a bit of an upward turnaround. RSI signals a neutral reading while the stochastic oscillator suggests USDSGD could make a leg up higher. Clearly, a floor appears to be around 1.3446 and 1.3453 with two reversals from this level. A linear regression from September 2018 suggests this will happen on average by May, but the upper 95 percent confidence interval tells us it could be much later if this is a floor. Either way, sideways trading within a range of 1.3616 and 1.3446 is the most likely scenario in the short-term.
by WhiskeyTangoFoxtrot3
USDSGD Poised for a ReboundMoving averages suggest we have some more way to go down as we continue a strong downward trend. Moreover, the strength of this slide is notable. Resistance from February was broken as was resistance from January AND price action also broke a trend line from back in 2018. In spite of this, RSI and stochastic suggests we are poised for a rebound as both are flashing that this move was overdone. Let's see how it pans out or if this trend will continue. Keep in mind though, this is a short term long call. My apologies if I don't keep up and update the trade on time on here. Keep an eye on DXY as well as it looks like the dollar was hit across the board from the dovish Federal Reserve sentiment. For more of my analysis, please check out more of content here anthonylaurence.wordpress.com
Long
by WhiskeyTangoFoxtrot3
UMS (Looks Legit To Me)Updated View On UMS (13 Mar 2019) We had a strong breakout and it looks like a legit one, We could see 0.82 easily soon and 0.88/0.94 will be next tgt levels. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
SGX:558Long
by SonicDeejay
GBP/SGD SHORTThe Great British pound vs Singapore dollar currency pair is in a massive downtrend on the higher (daily and weekly) timeframes, and it is forming a symmetrical (isometric) triangle on the lower timeframes. Now it is important to note that there is going to be a lot of noise on the pound pairs for the coming weeks due to ongoing Brexit woes, but sell orders on this pair are a much safer bet considering the lack of confidence in what Theresa May can deliver to the British people. This symmetrical triangle is a signal for selling this market since the higher timeframes show a downtrend. As always, wait for a breakout before doing anything you will regret.
Short
by munyaelliott
(Gold) XAU/USD (24 Dec 2018) (Another 350 pips move on sight)View On XAU/USD (24 Dec 2018) It is VERY Obvious that GOld is morphing into a BULL run. So, it is wise to position yourselves into long side. Of course, I can be wrong too. Follow at your own risk. ------------- Our Analysis ------------- LONG (entry is valid as long as the price is above $1,230) SL $1,208 TP1 $1,270 TP2 $1,282 TP3 $1297 (Hard one) DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Free Telegram FX/Stock analysis at your fingertip @ t.me/sonictraders Follow our Trading View, @ bit.ly Visti our Webby @ bit.ly Like our FB @ bit.ly Looking for a good broker? Go to cmc.mk
OANDA:XAUUSDLong
by SonicDeejay
2
Straits Times Index (STI) [1-3 weeks view] ++Long with good conviction (++) Buy on dips above 3020 Stop Loss: 2960 Take Profit: 3350 Weekly Price reacted above 2960. RSI also reacted above support where in the past price has bounced before. RSI also surpassed descending channel resistance. Daily Price and RSI shows a weak bullish divergence RSI also testing 50% level. 2960.00 is the key support level to hold. It has also been found as a fractal level multiple times. If market were to break below, we would see a much deeper drop towards the 2522 region. A drop towards the 2522 region is set to put Singapore's market in a recession. Overall a good conviction trade due to indicator breakout and price reacting on key support level. Risk/reward ratio is beautiful too! Cheers.
TVC:STILong
by laughingchartist
Possible Short Position SGD/JPYSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @82.37 level and move towards the first Target 1 level @ 82.00 level. FOREXCOM:SGDJPY Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting for confirmation. Target 1 @82.00 Risk/Reward @ 2:1 Happy trading. Will let you know closer to the time if or when executed:) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader