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USDSGD

USD/SGD 1D Chart: Long term crossroadsUSD/SGD is one of the slow moving pairs, whose review needs to be done by looking at the longer term. In general the daily chart reveals that the pair has been declining for a very long period of time. However, recently the pair encountered a support level, which might mark a change. A channel up pattern of the same size as the previously active channel down pattern has been revealed. Although, whether the previous patterns resistance does not held still needs to be seen. Meanwhile, in the short term traders should watch the two junior patterns, which can be seen on the chart,
Long
by UnknownUnicorn890690
USD/SGD 1H Chart: Bearish patterns dominateUSD/SGD is being dominated by several channels, the most important of which in the short term are three. The US Dollar bounced off the upper boundaries of the two most senior channels on October 27 and subsequently began trading lower. Its bottom boundary was tested a month later near the 1.3440 mark. The pair has since recovered some of its lost positions and thus tested the weekly PP two times. It is expected that the most junior channel could be respected during the following two trading sessions until the psychological 1.35 mark is reached. However, technical indicators suggest that the rate might trade lower within next week. A possible downside target could be the 1.34 area where the bottom boundary of a five-month channel is located.
by UnknownUnicorn890690
USD/SGD 1H Chart: US Dollar about to breach triangleUSD/SGD has been trading in a channel up since late August. This formation began when the rate reached a 2017 low at 1.3357 on September 8; the US Dollar has since moved up to the 1.36 mark. Another notable pattern that can be distinguished is a descending triangle. During its last wave down from the channel, the US Dollar was diminishing its trading range, but at the same time it failed to move below the 1.3580 mark, thus creating this aforementioned triangle. Technical indicators are in favour of a short-term recovery which is likely to hinder near a resistance cluster formed by the 55-, 100– and 200-hour SMAs circa 1.3620. In case this area is breached, the rate might push for the 1.3731 mark. Conversely, a failure to do so might strand the rate in a narrow trading range slightly above the 1.3580 mark. The Greenback should eventually break out to the downside and aim for the lower channel boundary near 1.35.
by UnknownUnicorn890690
USDSGD long for month of NovemberUSDSGD broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bull candle gives me enough reason to believe an up trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These trades are designed to have 3 different exit strategies: 1) Stop out. 2) Manual closure. 3) End of month manual closure. * End of month manual closure means that the month is over and trade parameters are no longer valid, therefore I will close the trades manually.
Long
by BACapitalManagement
USD/SGD 1H Chart: US Dollar respects wedgeThe US Dollar was trading in two patterns simultaneously, namely, a channel down valid since early October and a week-long ascending wedge. As apparent on the chart, the latter prevailed when the rate breached the upper channel boundary early on Friday. In general, ascending wedge is a bearish pattern that should eventually push the rate lower. Thus, it is likely that the US Dollar reaches the weekly R1 and the 23.6% Fibo at 1.3610, reverses to the south and breaches the junior pattern near the 1.3570 mark. The pair still faces the 55-, 100– and 200-hour SMAs, the 38.2% Fibo and the weekly PP along the way—a support area that is located near the aforementioned line. In case of a breakout, the Greenback should initiate a new down, thus requiring to adjust to the upside the previously-drawn channel lines.
by UnknownUnicorn890690
USD/SGD in a descending channel until NovemberAlthough the US Dollar recently rebounded against the Singapore Dollar, the currency pair is still set to decline in the long term. The reason for that is the fact that the pair is still trading simultaneously in two descending channel patterns. The most junior pattern shown on the chart was discovered only recently, and it is now providing the opportunity to forecast approximate path of the currency pair in the near future. Until the end of October to be precise. Meanwhile, the pair is also descending in a dominant pattern, which is aimed at the support line of a dominant channel up pattern, which is located in the zone from 1.3450 to 1.3500.
by UnknownUnicorn890690
USD/SGD 1H Chart: Channel UpUSD/SGD 1H Chart: Channel Up The American Dollar is trading against the Singapore Dollar in medium-term ascending channel that formed in the result of a change of trend in the end of July. At the moment, the pattern consists of multiple reaction highs and a number of uneven reaction lows. Due to fundamental events the currency rate showed to be quite indifferent towards various barriers such as moving averages. For this reason, the pair might successfully break through the 200-hour SMA near 1.3615 and the weekly PP at 1.3619 to the top. On the other hand, the fact that it failed to slide below the 1.3595 mark and to climb above 1.3612 two times allows assuming that the rate is fluctuating in a minor flag pattern. If this assumption is true, the buck should fall to the channel’s bottom trend line.
by UnknownUnicorn890690
Break above 110.80 could be the hidden clue to long #USDJPYWatching for the candlestick to close and stay above 110.80 for LONG entry. This would signal a reversal is in play when this criteria is met. Any pullback after the 110.80 close is a buy opportunity. Will stay in the trade through 117.00. It is not a buy yet, prudent to wait until we get a close above 100.80 on 4-hr candlestick. Similar setups are unfolding in USDSGD and USDPLN as well. Check out my latest trade analysis on them. ---------------------------------------------------------------------------------------------------------------- Trade outcome: 30 - 45 days Surefire Trader's trades are profitable (>90% accurate). Verified track record, bit.ly
Long
by SureFire_Trader