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Usdsgdanalysis

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 forming cypher pattern | A good short opportunityPriceline of US Dollar / Singapore Dollar Forex pair is forming bullish cypher pattern and has completed B to C leg and entered in potential reversal zone. Stochastic is overbought and gave bear cross. RSI is overbought. MACD is turned weak bullish from strong bullish. Volume profile of complete pattern is showing less interest of traders at this area. The price action can drop upto completion of cypher's leg from 0.618 to 0.786 Fibonacci of X to C leg's projection moreover we also have 100SMA support at almost 0.786 Fibonacci. I have used Fibonacci sequence to set the targets: Sell between: 1.39425 to 1.39990 Re-Buy can be between: 1.36557 to 1.35623 (Upto completion of cypher's leg from 0.618 to 0.786 Fibonacci of X to C leg's projection) Enjoy your profits and regards, Atif Akbar (moon333)
Short
by moon333
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
USDSGD: Risk-On Trades Back into Play?USDSGD Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic has yet to move into Oversold conditions - Breaking Support Trendline (since April 2018) - Fundamentally, with positivity the outcome from the temporary truce between Trump-Xi and a more dovish FED reduces the drag on global demand and is positive for the Asian region. The SGD is a trade-weighted basket and has high correlation with CNH and EUR. This two correlation will also benefit from the improved sentiment that we have. Suggested Trade: Entry @ Area of Interest 1.3680 - 1.3750 SL: 1.3813 TP: 1.3472 RR: Approx. 2.87 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst