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Usdsgdforecast

USD/SGD: FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|SHORT🔔The final Singapore GDP for the second quarter decreased 7.2% quarterly and increased 14.7% annualized. Economists predicted a decrease of 2.0% and an increase of 14.2%. Forex traders can compare this to the previous Singapore GDP for the second quarter, which decreased 7.7% quarterly and increased 14.3% annualized. The Singapore Current Account for the second quarter was reported at S$25.64B. Forex traders can compare this to the Singapore Current Account for the first quarter, reported at S$24.42B. The US CPI for July is predicted to increase 0.5% monthly and 5.3% annualized. Forex traders can compare this to the US CPI for June, which increased 0.9% monthly and 5.4% annualized. The US Core CPI for July is predicted to increase 0.4% monthly and 4.3% annualized. Forex traders can compare this to the US Core CPI for June, which increased 0.9% monthly and 4.5% annualized. The US Monthly Budget Statement for July is predicted at -$307.0B. Forex traders can compare this to the US Monthly Budget Statement for June, reported at -$174.0B. The forecast turned bearish for the USD/SGD turned bearish as the advance is closing in on its end phase. Will bears gather enough momentum to force the USD/SGD into its horizontal support area? Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
4
USDSGD - Buy Entry - D1 Daily ChartUSDSGD - Buy Entry - D1 Daily Chart Buy @ Once a Higher Low is confirmed - Wait for pull back USDSGD mS1-Y1 @ 1.3206 Stop Loss @ 0.5% to 1% of your Account Balance Take Profit @ A long term trade, as a turn on the Daily, and Weekly charts Take Profit @ I will update when to close - Follow me to receive updates ✅ Please support the idea with a Like 👍 Follow me to receive updates of this analysis, plus new ideas ✅ Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 DISCLAIMER 🔺 The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
Long
by UnknownUnicorn5418842
2
USDSGD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
4
USDSGD long trade ideaPlan : wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
USDSGD uptrend setupprice direction: UPTREND potential target price: 1.3363 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
USDSGD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
USDSGD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
USDSGD long trade ideaPlan: wait for the price to bounce off from demand zone --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
USD/SGD - market takes a breath before going LONG!Like many of the USD pairs this week, USD/SGD has shown a lot of strength, from it's lows at the start of the week it has risen 236 PIPS. Price broke to the upside from a descending daily trend channel last week, and this week price has broken again to the upside from a falling wedge. Both good indications that we may be seeing the start of a trend shift. Due to the moves experienced this week it is only likely that the market will pullback to retest a level of support - namely the zone between 1.3730 to 1.3715. At this point will be looking for an entry to go long on this pair. From their take profit targets will be 1.3775 and 1.3856. If a lower high is formed below this zone, this analysis will become invalid.
Long
by TheForexFellows
2