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SG10Y Govt Bond and SPY relationship Part IIITime for yet another update in this uncanny inverse relationship between the SG10Y Government Bonds and the S&P500 Index ETF, SPY... Recall that the SG10Y GBond yields are in apparent inverse correlation to the SPY. When there is a trendline breakdown on the yields, the SPY is bullish; and when there is a trendline breakout, the SPY is bearish. So far, it can be observed that this relationship is intact and predictable, with the SPY forging bullishly when the SG10Y GBond yields are falling... Note that a support is approaching and this can mean either or both of two things: 1. There should be a brief stall in momentum incoming soon; and 2. The primary trend for the SG10Y GB Yields is bearish, expected to break the support and head further down until the end of April 2023. This also suggests that April should see a surge in the SPY (and S&P500), denoted by the larger green arrow. So far, now change in the yield downtrend, at least for the next week, until it reaches the expected downside target (red circle).
TVC:SG10Y
by Auguraltrader
EURSGDEURSGD - Break out...Coming soon! EURSGD - Technically it's brewing for break out to either direction. We are currently within the ranges of Highs: 1.44965 Lows: 1.41187 If we are to break the lows, expect the recently low areas of 1.37625 to be target areas. If we are to break the hight, expect the the two key resistance areas to be tested and to be target areas 1. 1.47285 & 2. 1.49660 I have even enjoyed trading the USDSGD - very clean set ups! Have a great week ahead, Trade Journal
by Trade_Journal
Singapore Airlines (SIA : C6L) targets $7.00 and attempts to breLong term DOWNTREND SINCE 010908 Medium term UPTREND since 111021 Short term UPTREND since 311022 Singapore Airlines is 1 of 8 component stocks supporting the rise of the STI at the start of 2023. The long signal for this recent run started on 311022 at the price of $5.21. $7.00 is a significant target as it marked the start of last 7 year decline of the stock to a low of $3.20. PIVOT 5.74 Long positions above $5.74 for $7.00 and $8.65 Short positions below $5.74 for $4.89 and $3.20
SGX:C6L
by gekkohot
USDSGD coming back for a retestAfter USDSGD has escaped the ascending channel and the head and shoulders pattern, it is now touching an ascending trend line starting back from Sept 21 and touched again on Feb 22, also touching a 23.6 fib level, currently looking to retest the previous support (neckline) and a 61.8 fib, which is now resistance @1.366, and also the lower channel line. Which was broken earlier. in a 1-hour time frame appears to print a divergence on the RSI indicator, which indicates that we might have a change in the direction -------------------------------- Feel free to share your thoughts in the comments, and kindly support the idea with a like. Your support is greatly appreciated!
Long
by Candlestick_OB
4
EURSGD the best market structure setup in forex!It has been awhile folks but I am back posting ideas on TradingView. I have kept watching and trading the markets everyday since I stopped posting and have had other consulting to do forex and market related. I will be posting ideas on a regular basis. The strategy and set ups remain the same! We look for reversal trades after a long trend. Many Singapore Dollar pairs look good for my technique. EURSGD is a chart I have had on my radar for months, and we finally triggered the breakout on November 16th 2022. Currently, we are in the retest phase of the breakout with buyers stepping in on the retest of new support. What makes EURSGD even more attractive is the fact the chart shows clear signs of market structure. All markets move in three ways: uptrend, range and a downtrend. We clearly have the long downtrend, followed by a range which points to the exhaustion of the downtrend. The breakout of the range means a new uptrend is to begin. We still need our first higher low to confirm this uptrend which leads me to the way of entering the trade. One can enter here on the retest and place the stop loss below the breakout zone. However, just be aware the breakout could turn to a false breakout if we close back below. The more safer way to enter is wait for EURSGD to close above recent highs at 1.4260. This also will confirm the higher low, but more importantly, it increases the probability of a new uptrend. Remember: trading is a business of probabilities! That's it! An uptrend going higher will take us to the next resistance zone of 1.45. Overall, a great risk vs reward set up. There is Singapore CPI on Wednesday which could impact this currency pair. AUDSGD is another Singapore Dollar pair with a nice reversal setup as well.
ELong
by Uncharted-FX
1
DBS rallies ahead of tomorrow's earnings reportThe stock has been performing well ahead of its earnings reports, thanks to the news that DBS will be the bank to utilise MaxxDigital – a digital asset platform that provides risk and FX solutions for institutions. Whilst Singapore’s regulators continue to clamp down on crypto trading for retailers, Singapore wants to become a digital-asset hub within the financial sector – and this could be the first step of many which help them do just that. DBS rose 3.6% on Friday following the announcement and has extended those gains to around 6% at the time of writing from Friday’s low. According to Reuters, 13 analysts recommend DBS stock for a ‘buy’ (4 of which are a strong buy) with 4 holds and no sell recommendations. The stock currently trades at 34.58 and has a median price target of 39.11 (+13%). DBS Daily Chart: The daily chart shows that DBS performed a strong breakout (with high volume) from its sideways range after prices found support at the 200-day and 50-day EMA’s. And that suggests it could be part of the bullish trend from the July low. However, there are a couple of warning signs that it may need to retrace a little before continuing higher. A bearish pinbar formed on Monday with low volume, and yesterday’s price action struggling to convincingly push higher. Gap resistance, $35 and the monthly R1 pivot point are nearby and RSI (2) is overbought - which can indicate a near-term turning point. With that said, the RSI(14) is over 50 and trending higher with prices, which is another reason we suspect any move lower is part of a retracement before prices head for the high around 36.30. Of course, earnings can be full of surprises and we may need to see DBS beat estimates for it to trade directly higher. Otherwise – assuming earnings is not too disappointing – it could help with a desired pullback, where we would seek bullish setups around the monthly pivot / prior breakout range.
SGX:D05Long
by CityIndex
SINGAPORE & INDONESIA COVID-19 WavesWas in a number of private discussions over this week, and noted that there appears to be some dynamics in motion currently. Quick note that the Singapore 6th COVID wave is pretty turned over, according to the data provided publicly. It was a smaller wave compared to previously, as expected. However, the neighbouring Indonesia is currently in the midst of a wave and by similar projections (if relevant), the wave should peak out over the next two weeks ending November. Just an observation to share... PS. Apologies, I don't know why the chart looks so messy... it published differently, pre-cleaning up. Just look at the MACD curves and about 78% of the previous wave (MACD) as the target point for Indonesia wave to peak out.
C
by Auguraltrader
Singapore STI ETF (EWS) signals a rough 2022The Singapore bourse STI ETF, EWS, has a very ominous outlook for the next couple of months into the end of 2022. Hyperinflation could be the current trending killer, but seems like more is likely to add on. Not sure what shoe will drop, but the charts tell it as it is... April and May ended badly entering into a range that saw May break down of that range briefly. The monthly technicals are showing a lot of underlying weakness, and the first downside target is shown. The lower range band must hold, and is quite likely to be tested and should hold (at least seen at this point). Otherwise, a low more downside will ensue... Heads up for the next half of 2022 Singapore!
AMEX:EWS
by Auguraltrader
SINGAPORE COVID-19 Wave 6I do not know the robustness of the data collected, as it differs greatly in different places. But with just a quick comparison: Singapore relaxed mask measures on 29 August, and from early September, there was already an uptick and the MACD histograms pointed out to late September crossover. Indeed, on 30 September, CNA reported a 40% week on week increase in COVID-19 cases. This wave/spike appears to be much less steep than the previous in June 2022. Nonetheless, with the F1 weekend happening, we might get a continuation of the spike for the month of October into November... a smaller but longer wave. Demonstrates yet again that the MACD histograms have an edge in projecting the time line to a spike in cases. IF only the people know about such a simple and yet effective tool. In the same comparison, the UK appears to have tapered down after a recent spike. However, noted that the daily numbers are actually weekly numbers. Demonstrates the robustness of data for reliability. Indonesia looks to be tapering off too, but Malaysia appears to be looking at a crossover by mid-October for a wave, albeit a smaller wave. Really, IF anyone still cares enough...
C
by Auguraltrader
STI (EWS) in Primary Downtrend (TD Sequential)The Singapore Straits Times Index (STI) is in a primary Downtrend. This is observed and concluded from the TD Sequential analysis. Referring to the monthly chart for the STI ETF (EWS)... The EWS in recent months had broken down hard, and bracked below the TDST support line within the downward TD Sequential. Now, typically, this series is called the Buy Setup, as it "times" the downtrend for a reversal. The reversal came in a short month (9th candle), and the following month (August) closed with a candlestick bearish in close, and also bearish in pattern where there is a long top tail that is at least twice the length of the body. Monthly technical indicators are bearish too, although not extremely. The next couple of months should see the EWS, and STI move lower. A very critical support is about 16.5-16.6, where the lows of the GFC and the Pandemic routs align a supporting trendline. BEARISH Wave!
AMEX:EWSShort
by Auguraltrader
1
SINGAPORE COVID-19 Wave 5 delayed onsetHeads up... Next Wave 5 is ON. Not expected to be bigger than the initial Omicron wave, or even Delta for that matter, but significant enough. This probably comes from imported cases with less screening and testing, as well as under reporting. The under reporting is messing with the data outcome and accuracy, also significantly dropping the heads up period... this wave 5 coincides with the end of school holidays, and returning travellers are very likely to bring more seeds back. Spike peaks should be end July early August period. May be extended with National Day holiday weekend in early August.
C
by Auguraltrader
MapleTree Industrial Trust REITS - longWeekly descending wedge - If it breaks out of the descending wedge, we can see a strong push to the upside. MapleTree Industrial Trust (MIT) owns data centre assets in North America and Singapore. Data centres have been gaining prominence and MIT has been pursuing more growth by leveraging on acquisition of data centres. The total addressable market size of data centre in Singapore alone, in terms of spending opportunity, is expected to increase at a compound annual growth rate (CAGR) of 6.1% between 2020 and 2025. Thus there is more potential for growth for MIT. I believe this is a long term hold, and dividend yield is 4.46%, which is not bad at all. Gross revenue has been consistently increasing for past 5 years (average 7.07% for year 2017 to 2021). Assets has also been on an uptrend since 2017. Total valuation of the 115 properties held by MIT is S$6,762m, and 41% of those at data centre. Occupancy has also increased from 90.9% to 92.6% overall from 2020 to 2021. Tenancy are also diversified across different trade sectors such as manufacturing, retail trade, financial and information & communications. Long term PT is 3, then 3.3. I think a great area for buying would be 2.4 range. However, it is in a weekly descending wedge. If it does breakout strongly, I will look to buy in on retest of breakout area.
SGX:ME8ULong
by Chartpatternz
Singapore dollar weighing down the British poundThe Singapore dollar has shown great strength for the past 12 months against the Great British pound, underpinned by the Singaporean economy growing 7.6% and expectations for it to continue growing the rest of this year. Adding to the strength of the Singapore dollar in recent weeks is China starting to lift its strict lockdowns, as China is Singapore’s third largest trading partner. Looking at the weekly chart of the GBPSGD, we can easily see the strength of Singapore weighing this pair down. The BGPSGD has recently taken out the low from June 2020 and is possibly targeting the March 2020 next. With an Aroon indicator on the chart of GBPSGD, we can look at the portions highlighted within the two circles and their corresponding trends in the chart above. The Aroon indicator is typically used for spotting trends and the strength of trends by following the movement of an orange ‘Up’ line and a Blue ‘Down’ line. Within the first circle, the rising Up and Down lines suggest a weak trend for the corresponding chart. As such, the uptrend quickly petered out and entered a period of consolidation and a quicker reversal. Within the second circle, we can see the Down line cross below the Up before reversing its trajectory. This movement in the Aroon indicator corresponds with the attempted bullish push in the GBPSGD. Once the Aroon lines reversed, The bullish push disappeared, and a strong bearishness entered the GBPSGD, and did so until the start of May. Currently, we can see that the two Aroon lines are separated by quite some distance. It may be worth keeping track of the Aroon lines to determine how close the GBPSGD wants to move toward that March 2020 low, if its downward trend holds.
by BlackBull_Markets
SGDMYR 3.5 targetWas in a conversation and the SGDMYR exchange rate came up. Since 2016, Ihad thought that the SGDMYR would hit 3.50 as a target, a very painful target for many. Well, I was not right as it only breached 3.20 then and nicely consolidated. The 3.50 target is still in play, and now present to you technically how it is projected to be... Over the years since 2016, a multiyear triangle had been forming and 2021 seems to have broken out, retested and in 2022 April, launched upwards with the strong SGD. The strong SGD, and even stronger USD is going to propel the exchange rate to the 3.50 target ( Current projections point to 3.45)... target projected to hit by end of 2022. Technically, the Bollinger Bands are now expanding and the rate is pushing or leading the upper band. It has also been bouncing off the Monthly 55EMA. So, trend is going up for the next year or so. Heads up, it is more pain to come really. And we all thought 2020-2021 were bad... Take care folks.
by Auguraltrader