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USDSGD

USD/SGD Price Action: A Bearish Outlook EmergesYesterday, the USD/SGD currency pair rebounded at a supply zone around 1.34500, creating a bearish candle that has persisted into today. As I write this, the price is currently around 1.34195. Analyzing the technical landscape, the latest Commitment of Traders (COT) report reveals that retail traders remain in long positions, while other market participants have adopted a more neutral stance without clear positioning. This scenario could allow the Singapore Dollar to capitalize on a potential retracement of the US Dollar, potentially enhancing its value. Looking at historical trends, our forecasting data indicates that over the past decade, this period of the year has frequently seen bearish retracements for the USD against the Singapore Dollar. Given the prevailing market conditions, traders may want to consider positioning themselves for short opportunities. As the market evolves, it is crucial to monitor price movements and broader economic trends closely to make well-informed trading decisions. ✅ Please share your thoughts about USD/SGD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
USDSGD Time to sell this rally.The USDSGD pair has been rebounding non-stop since the September 27 bottom and yesterday broke above its 1D MA50 (blue trend-line) for the first time in more than 3 months (since July 04). This confirmed that the correction since July is over but with the 1D RSI above 60.00 and heading towards the overbought barrier (70.00), we expect a rejection there. In fact, there was a similar fractal that was rejected on March 10 2023, on the correction's 0.382 Fibonacci retracement level a little after the 1D RSI turned overbought. This resulted into a test of the 0.618 Fib of the rebound Leg. As a result, we are expecting a rejection on the 0.382 Fib or when the 1D RSI gets overbought above 70.00 and our Target is the 0.618 Fib at 1.29150. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USD/SGD Approaches Key Demand Zone: Anticipating a ReboundUSD/SGD is steadily declining towards our identified Demand area around the 1.31128 level. At this juncture, we anticipate a potential price rebound that could present a promising opportunity for a long trade setup. Our analysis is rooted in a combination of Supply and Demand principles, which help us understand the underlying market forces, as well as a thorough review of the latest COT (Commitment of Traders) report, offering insights into the positioning of major market participants. By integrating these critical factors, we have strategically placed a Buy limit order, positioning ourselves to capitalize on a potential upward movement in the price from this key support zone. ✅ Please share your thoughts about USD/SGD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
USDSGD Buy signal at the bottom of a Channel Down.The USDSGD pair has been trading within a Channel Down pattern since the April 16 2024 High and today almost touched its bottom (Lower Lows trend-line). That is a technical short-term buy opportunity towards its top (Lower Highs trend-line). The previous Bullish Leg of the pattern registered a +1.31% rise. Our Target is slightly lower than a new potential rise of this magnitude at 1.35000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDSGD Bullish unless this Support breaks.The USDSGD pair is on the 1D MA50 (blue trend-line) currently but within conflicting Channels. The long-term one is a Channel Up that hasn't yet been invalidated, the medium term one a Channel Down and the shortest term a Channel Up. As long as Support 1 (1.34225) holds, we will go with the short-term Channel Up and stay bullish, targeting 1.37250, which will be a Lower High on the medium-term Channel Down. If on the other hand, Support 1 breaks, we will take the loss and go short instead, targeting 1.32725 (Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDSGD Still a buy but not for long.The USDSGD pair has been trading within a Channel Up pattern (blue) since the February 02 2023 Low but on December 28 2023 it posted a Lower Low, so we have to consider the possibility of an emerging (dotted) Channel Down. As a result, the trend remains bullish but technically we should be careful and only target the top of Channel Down at 1.37350 (symmetrical Bullish Leg at +4.49%). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDSGD Strong bullish signal above the 1D MA200It's been again a long time since we traded the USDSGD pair (October 03 2023, see chart below) but it did manage to give us a low risk sell opportunity: The price hit today the 1D MA200 (orange trend-line) for the first time in exactly 2 months (since November 17). That is a major pressure level as it is also exactly where Resistance 1 (1.34550) is. The long-term pattern is a Channel Up and technically this is the 3rd Bullish Leg. The previous two rose by more than +4.00% but the 2nd made a temporary pause at +3.44%. That is our 1D MA200 break-out target and it interestingly falls almost exactly on Resistance 2. We are targeting 1.36100 but if the 1D MACD forms a Bearish Cross earlier, we will the the profit on that market price. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Usdsgd still bearish bias Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Last week, i mentioned about USDSGD having to make more downwards movement (in my tradingview stream), this coming week i believe it would be the same considering the break of the support and currently just tested and seems rejecting it. Let's see how it unfolds next week. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
2
USDSGD: Breakout supported by the 4H MA50.USDSGD is trading inside a Channel Up pattern on the 4H timeframe, on a bullish technical outlook both on the 4H and 1D charts (RSI = 57.738, MACD = 0.002, ADX = 20.427). Yesterday it crossed over the LH trendline and has up to now stayed supported on the 4H MA50. The 4H MACD Bullish Cross has originated this breakout and it appears that it is fairly symmetric with the one in September. Both around the 0.5 Fibonacci level. As such, we turn bullish and target Fibonacci 1.236 (TP = 1.3800). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
USDSGD - Text Book Reversal!USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal! Now that we've topped, we can look for any pullbacks to add a position for the massive drop. Trade idea: - Watch for pullback - once pullback appears, look for a trendline break or structure rejection - Enter with stops above the highs (above 50 fib) - Targets: 1.305 (700pips), 1.27 (1000pips) Goodluck and as always, trade safe!
by WicktatorFX
Technical Analysis: USDSGD Forex Pair 📈 #ForexAnalysis #USDSGD #ShortPosition #BearishPressure 📉 🔍 Technical Analysis: USDSGD Forex Pair 🔍 Hey traders! 📊 Today, let's take a closer look at the US Dollar/Singapore Dollar (USDSGD) Forex pair and explore some interesting insights that could potentially guide our trading decisions. 🤝 📉 Price Action and Trend Observation: The USDSGD pair has recently experienced a significant event - the breaking of its support levels from January 4th, 2021. 📅 This bearish move suggests a potential shift in the trend, indicating a possible downward direction. 💔 Broken Flag Support: As of now, the price is testing the broken flag support, which could act as a resistance level. 🚧 This retest offers traders an opportunity to take advantage of the bearish momentum in the market. 🐻 Too Much Bearish Pressure: The prevailing bearish sentiment is evident, and it appears that there is substantial bearish pressure that may deter any immediate bullish comeback. 📉 The sellers seem to be waiting eagerly to add to their positions if the price attempts to rally, which might act as a barrier to any upward movement. 📉 Short Position Strategy: Given the bearish environment, I have just opened a short position in the USDSGD pair. If the price happens to rally, I'm prepared to add another short position to capitalize on potential further downside. 💼 However, it is essential to stay cautious and manage risk appropriately, considering the volatile nature of the Forex market. ⏳ Time Frame and Potential Scenario: This analysis is based on a 1-week time frame, suggesting that the anticipated downward move may take a few more days to unfold. But keep in mind, when the price falls, it often does so rapidly, offering excellent trading opportunities for short-term gains. Remember, successful trading involves a combination of analysis, risk management, and discipline. 🚀 Always use proper risk-to-reward ratios and employ stop-loss orders to protect your capital. #ForexTrading #TradingOpportunities #TechnicalAnalysis #ShortingOpportunity #TradeSmart #RiskManagement #USDSGDAnalysis Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading Forex involves substantial risk, and traders should exercise caution and conduct their research before making any trading decisions. Always do your due diligence and consult with a qualified financial advisor if needed. Happy trading! 📈📉
by T-Q
Usdsgd watching for pullbacks to short **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
2
USDSGD ____ INCOMING BULLISH RALLYHello Guys, As I had previously published, the dollar index seems to be setting up for a bullish rally (analysis inserted below) and USDSGD which is correlated with the dollar index is aligning accordingly. You will also notice that the price has buy-side liquidity to hunt. I have set an alert to know when price trades into the daily order block from which I will be looking out for a CHOCH on the 1-hour timeframe to go long. Also, USDCHF is aligning for this long (analysis inserted below) Follow me for more updates. US DOLLAR INDEX ANALYSIS USDCHF ANALYSIS Cheers, Jabari
Long
by jabariofafrica
AUD/USD, USD/SGD, EUR/CAD and USD/CAD on watch for me today.AUD/USD: • If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If price simply impulses back up above our rayline, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. USD/SGD: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. EUR/CAD: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If price simply impulses back down, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. USD/CAD: • If price impulses down below our rayline and it does so in a convincing manner, then I'll be looking to get short with a reduced risk entry on the break of a subsequent tight flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
Editors' picks
by StewySongs
10
USDSGD ____ INCOMING BULLISH MOVEHey Guys, USDSGD hunted sell-side liquidity last week Thursday & Friday and also traded into the weekly FVG. From the weekly FVG, I speculate that the price will rally to hunt the buy-side liquidity and head into the daily FVG. However, I expect that price will try again to go lower at the beginning of the week and start the bullish rally. Also, as a confluence, the dollar index is also getting ready for the bullish rally (see below my analysis on DXY) Follow for more updates. Feel free to DM me. See my Dollar Index analysis Other USD-related pairs GBPUSD NZDUSD USDJPY Cheers, Jabari
Long
by jabariofafrica