USDSGD
USDSGD pair weekly previewWaiting for bull back for long play
Possible entry around 1.3960-1.3910
StopLoss :1.3770
Targetprofit: 1.5146
Brake towards the upside or downside? Wedge completion.Im looking for this wedge pattern to complete in order for me to make my final decision on this pair.
Long Setup
USDSGD has been on a decent run for a while now. By what looks like a sharp incline, the momentum looks like as if its slowing down or perhaps ready for another push?
1. If the pair brakes the wedge on the upside and makes a strong close above the 2009 lows then it's a high possibility that this pair will drive towards the upside.
2. MACD also creating momentum towards the upside.
Short Setup
1. If the pair brakes the wedge on the downside then Im looking to short it towards December highs.
2. MA Crossovers confirming downwards momentum.
Two Strong possibilities for two strong trades. Which one can be most reliable anyone?
USDSGD - Short in view. Sell Ichimoku signals incoming.Ichimoku on 1H chart as shown is nearly ready for a sell setup. Waiting on Kijun traversal of the cloud.
Note that in higher timeframe (4H), it's still in the upper part of the cloud (so basically you would not enter a short) however the Kijun was just broken by the PA so we may expect a downtrend towards the upper part of the cloud.
You may want to have a look at tntsunrise idea which is based upon harmonics and gives more weight to the short perspective on this pair.
Hope you enjoy, cheers.
USDSGD Long (Macro Risk Off + Bullish Wedge Breakout)Investors flee the riskier Singaporean Dollar for the "safer" United States Dollar.
Fed policy may drive the Dollar @1.41588With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements.
The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon.
As for the chart, a HS Pattern upon completion with the daily trend AND Aug Resistance acting as consolidation. If the price manages to break beyond these points then I am guessing that we're going to be up for a hell of a ride towards October highs @1.43587 (201 pips) to then briefly correct near November highs then continue its surge and even push further than October highs.
Stop Loss centered within Left Shoulder which is also below short term support @1.40929 (66 pips)
This was made through research and insights gathered.
Let me know what anyone thinks, I believe we're really onto something here!
Regards
Multiple Dollar pairs suggest downThis is an interesting portfolio.
Will these pairs follow USDCNH's lead?
Is this the beginning of a new fundamentally backed intermediate term trend?
Or just a very nice short term short?
Setups on chart, we will cover these in our skype group's discussions.
If you want live updates and more information, make sure to contact me via pm or skype. I provide signals for auto trading. I'm also providing access to a live trading chatroom where we give education to traders, as well as discussing the positions we're in.
All of these are free of charge for concordbay.com customers.
Cheers,
Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com
USDSGD: The top could be in, or closeThere's a distinct possibility that we will see either a major correction or a larger scale reversal in this pair, in 3 weeks or sooner, according to the methodology that I use, which is time at mode.
For the channel enthusiasts, we got an intermediate term downtrend channel top upper barrier above, in the area of very strong resistance, which I derive from my own techniques (not the channels or fibonacci, but what Tim West taught me).
This pair is under constant central bank control, since it's a managed float, and based on the technical elements I suspect they will shrink the exchange rate fluctuation band soon.
I'll update once I see a clear short setup with defined risk and reward variables, and a high probability.
Hope everyone has a good weekend, cheers!
Ivan.
USDSGD: Correction over?Interesting developments in this pair, unlike SGDJPY, seems like the uptrend can resume from here.
Price found support at a strong level from the previous uptrend, and came down forming 7 waves, an ABCXABC correction.
If we see a move off this consolidation, which is strong enough, I'll try to go long asap.
Good luck!
Ivan.
USDGD: Potential strong decline aheadI think this pair has topped for some time, and is currently about to start wave C of a corrective decline (IF the corrective structure that followed the first impulse down is indeed an expanding triangle B).
We have a strong monthly resistance level slowing down price, and a time at mode price projection matching this top area.
I'll wait for a clear opportunity to short under the highest low, stop loss should be above 1.37243 and the target is at the bare minimum the current downtrend mode, and potentially lower as shown on chart.
I'll update with my entry once I sell short.
Good luck,
Ivan.
USDSGB Pressure adjustment, shorting.
So far we haven't seen falling very strong momentum, so the adjustment target to 50%.If falling momentum is very strong, the first target changed to 13980, the second target of 13880 and 13450 the third target.
