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USDSGD

Exchange Rate: USDSGDToday is 1 of the better rate to change USD to SGD. On the daily-chart(left) candle did break and close above the resistance line(red line), although the next bearish candle came down and close below we had an indecision candle that typically I place it as a potential reversal candle. On the weekly-chart(right) is a Head&Shoulder setup, yes a potential of heading up to 1.4325 but this could take months. Look left of the same resistance line, it is well seated at the resistance link, look left, important structure. So if you are looking to change USDSGD, today is not too bad for you to do that.
Long
by RaynLim
USD/SGD (Bears still rule)View On USD/SGD (15 July 2019) USDSDG is in the mid-term BEAR trend. I am expecting it to retest 1.356 and 1.352. In summary, it is too early to call for any long position. 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.
Short
by SonicDeejay
2
USDSGD forex cross pair supply and demand analysis forecastUSDSGD Forex cross pair is in a clear downtrend creating new supply levels on the way down. As supply and demand traders, we should be interested in trading very strong impulses that end up creating new supply and demand imbalances. Price action together with supply and demand technical analysis is the perfect combination. Trading is a waiting game where we should be stacking as many odds in our favour as possible. Being impatient will end up getting you in trouble by chasing the trades and causing unnecessary losses. USDSGD cross pair forecast is clearly bearish with very strong supply levels created around 1.36 and 1.37. There is still room for price to keep on dropping further. The US Dollar and Dollar Index DXY is getting weaker in most Forex Cross Pairs, this is helping USDSGD Forex cross pair to drop as it does creating new supply levels on the way down.
Short
by AlfonsoMoreno
USDSGD ShortHi guys its Brian here with another short opportunity. After breaking out from the consolidation zone, USDSGD went on to make its up trend completing its 5th impulse wave and reversing back down sharply after failing to break through the resistance zone. It is currently making its A wave correction and possible targets are 0.382 or 0.5 retracement levels. Until the price breaks past the resistance zone, I foresee we will be in a correction or consolidation. www.brianchai.com Facebook Trading Group
Short
by BrianChai
USDSGD Forex pair analysis using supply and demand imbalancesWhen trading supply and demand imbalances we don’t really need any kind of indicator or add-on tools to tell us how and when to place a trade. Trading should be simpler than dragging a few indicators or tools on our charts expecting red and green arrows to tell us in which direction to place our trades. Are you sure you want to rely on indicators to tell you what to do? Wouldn’t it be better to learn how the market moves and place trades according to a thorough top down analysis using the only non lagging indicator there is? Yes, price action is the only indicator that won’t be repainted if there is a sudden volatility spike in the markets. Let’s take a USDSGD Forex cross pair daily timeframe using supply and demand imbalances for technical analysis without a single indicator dragged on the chart, just price action and impulses. USDSGD Forex cross pair has been rallying for a few weeks creating new demand imbalances on the way up on the daily timeframe. The big picture trend is bullish so we are only interested in buying USDSGD Forex Cross pair. Supply and demand is telling us that we should only be thinking of buying new demand zones, not selling. Why should we need to add all kind of indicators like Bollinger Bands, CCI, RSI, MACD and exponential moving averages to make a trading decision when price action when everything is pointing up? The attached chart for USDSGD Forex cross pair a daily chart, each candlestick is a day of time. It’s pretty clear that the whole move started at the bottom around 1.3472. On the way up a few daily demand imbalances were created, there has been a retracement to the first three imbalances at 1, 2 and 3 but price continued to rally strongly without providing a pullback to new demand levels at 4 and 5.
Long
by AlfonsoMoreno