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USDSGD

USDSGD: Long term Buy opportunity.The pair is on Higher Lows since February and as illustrated by the neutral 1M technical action (RSI = 49.129, STOCH = 50.169, ADX = 27.402, MACD = -0.001, Highs/Lows = 0.000) is on optimal buy levels. The 1D RSI has bounced already off 26.000 (oversold) and the Death Cross is emerging which last time marked the bottom. We are bullish on USDSGD with 1.38000 - 1.38300 the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
Forex cross USDSGD forecast, longs off weekly demand imbalanceForex USDSGD US Dollar versus Singapore Dollar has reached a very strong weekly demand imbalance. We are only allowed to go long on USDSGD Forex cross pair using a supply and demand strategy and approach. We are expecting price to rally much higher reacting to strong weekly demand imbalance located around 1.3587. We should not be thinking of selling USDSGD against such a strong imbalance. We don’t need any indicators to tell us we should be thinking of going long. You are probably trading other Forex strategies and not even looking at the weekly timeframe, so you are probably thinking of going short unaware of this strong imbalance.
Long
by AlfonsoMoreno
3
USDSGD: SHORT DOWN TO 1.3600 [4H]USDSGD: SHORT 1.3710/ 1.3685 R25 > HOLDING BELOW CEILING LEVEL 1.3950 > FOCUS ON SGD CONTINUED STRENGTH, USD WEAKNESS > AIR CURRENTS SUPPORTING LOWER MOVES > VERTICAL SPEED NEEDS TO RISE AND THEN DECREASE TOWARDS 1.3600 Subscribe AutoUFOs: www.tradewithufos.com Twitter: www.twitter.com YouTube Get Togethers: www.youtube.com Get Together Schedule: www.tradewithufos.com Community: www.tradewithufos.com Ideas: www.tradingview.com Facebook: www.facebook.com LinkedIn: www.linkedin.com
Short
by andrew.han
USDSGD: SHORT [D] [10/07]USDSGD | Weak SGD | 1.3945 – 1.3450 - MAS is expected to slightly increase the slope of its policy band for the third consecutive time during its April meeting, with the economy holding up and core inflation nearing 2 per cent. - The SGD NEER was at 0.56% above the midpoint and is expected to trade between 0.4% to 0.9% above the mid-point, which implies a USDSGD range between 1.3852 and 1.3936. - Sing found support above 1.3500 and has weakened all the way to 1.3950. Global economic weakness has put pressure on the SING. - Key SELL area 1.3880/1.3840 R40
Short
by andrew.han
1
USDSGD Fundamental Analysis – September 26th 2019Here are the key factors to keep in mind today for US Dollar trades: US GDP: The Advanced US GDP for the second-quarter is predicted to increase by 2.0% annualized. Forex traders can compare this to the previous second-quarter GDP which increased by 2.0% annualized. Personal Consumption for the second-quarter is predicted to increase by 4.7% annualized. Forex traders can compare this to previous second-quarter Personal Consumption which increased by 4.7% annualized. The GDP Price Index for the second-quarter is predicted to increase by 2.4% annualized. Forex traders can compare this to the previous second-quarter GDP Price Index which increased by 2.4% annualized. The Core PCE for the second-quarter is predicted to increase by 1.7% annualized. Forex traders can compare this to the previous second-quarter Core PCE which increased by 1.7% annualized. US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of September 21st are predicted at 211K and US Continuing Claims for the week of September 14th are predicted at 1,666K. Forex traders can compare this to US Initial Jobless Claims for the week of September 14th which were reported at 208K and to US Continuing Claims for the week of September 7th which were reported at 1,661K. US Wholesale Inventories: US Preliminary Wholesale Inventories for August are predicted to increase by 0.2% monthly. Forex traders can compare this to US Wholesale Inventories for July which increased by 0.2% monthly. US Pending Home Sales: US Pending Home Sales for August are predicted to increase by 1.0% monthly and by 1.8% annualized. Forex traders can compare this to US Pending Home Sales for July which decreased by 2.5% monthly and which increased by 1.7% annualized. US Advanced Goods Trade Balance: The US Advanced Goods Trade Balance for August is predicted at -$77.3B. Forex traders can compare this to the US Advanced Goods Trade Balance for July which was reported at -$72.5B. US Kansas City Fed Manufacturing Activity Index: The US Kansas City Fed Manufacturing Activity Index for September is predicted at -4. Forex traders can compare this to the US Kansas City Fed Manufacturing Activity Index for August which was reported at -2. Here is the key factor to keep in mind today for Singapore Dollar trades: Singapore Industrial Production: Singapore Industrial Production for August decreased by 7.5% monthly and by 8.0% annualized. Economists predicted an increase of 0.1% and a decrease of 0.7%. Forex traders can compare this to Singapore Industrial Production for July which increased by 3.6% monthly and which decreased by 0.1% annualized. Should price action for the USDSGD remain inside the or breakout above the 1.3765 to 1.3810 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.3795 Take Profit Zone: 1.3900 – 1.3930 Stop Loss Level: 1.3735 Should price action for the USDSGD breakdown below 1.3765 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.3735 Take Profit Zone: 1.3620 – 1.3655 Stop Loss Level: 1.3765 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Online forex trading is growing fast and tens of thousands of new traders sign-up every day. Find out why PaxForex is one of the top locations for successful forex traders!
by PaxForex