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Usdsgdforecast

USDSGD roadmap on daily**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
Short
by GWBFX
6
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 Fundamental Analysis – September 26th 2019Here are the key factors to keep in mind today for US Dollar trades: US GDP: The Advanced US GDP for the second-quarter is predicted to increase by 2.0% annualized. Forex traders can compare this to the previous second-quarter GDP which increased by 2.0% annualized. Personal Consumption for the second-quarter is predicted to increase by 4.7% annualized. Forex traders can compare this to previous second-quarter Personal Consumption which increased by 4.7% annualized. The GDP Price Index for the second-quarter is predicted to increase by 2.4% annualized. Forex traders can compare this to the previous second-quarter GDP Price Index which increased by 2.4% annualized. The Core PCE for the second-quarter is predicted to increase by 1.7% annualized. Forex traders can compare this to the previous second-quarter Core PCE which increased by 1.7% annualized. US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of September 21st are predicted at 211K and US Continuing Claims for the week of September 14th are predicted at 1,666K. Forex traders can compare this to US Initial Jobless Claims for the week of September 14th which were reported at 208K and to US Continuing Claims for the week of September 7th which were reported at 1,661K. US Wholesale Inventories: US Preliminary Wholesale Inventories for August are predicted to increase by 0.2% monthly. Forex traders can compare this to US Wholesale Inventories for July which increased by 0.2% monthly. US Pending Home Sales: US Pending Home Sales for August are predicted to increase by 1.0% monthly and by 1.8% annualized. Forex traders can compare this to US Pending Home Sales for July which decreased by 2.5% monthly and which increased by 1.7% annualized. US Advanced Goods Trade Balance: The US Advanced Goods Trade Balance for August is predicted at -$77.3B. Forex traders can compare this to the US Advanced Goods Trade Balance for July which was reported at -$72.5B. US Kansas City Fed Manufacturing Activity Index: The US Kansas City Fed Manufacturing Activity Index for September is predicted at -4. Forex traders can compare this to the US Kansas City Fed Manufacturing Activity Index for August which was reported at -2. Here is the key factor to keep in mind today for Singapore Dollar trades: Singapore Industrial Production: Singapore Industrial Production for August decreased by 7.5% monthly and by 8.0% annualized. Economists predicted an increase of 0.1% and a decrease of 0.7%. Forex traders can compare this to Singapore Industrial Production for July which increased by 3.6% monthly and which decreased by 0.1% annualized. Should price action for the USDSGD remain inside the or breakout above the 1.3765 to 1.3810 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.3795 Take Profit Zone: 1.3900 – 1.3930 Stop Loss Level: 1.3735 Should price action for the USDSGD breakdown below 1.3765 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.3735 Take Profit Zone: 1.3620 – 1.3655 Stop Loss Level: 1.3765 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Online forex trading is growing fast and tens of thousands of new traders sign-up every day. Find out why PaxForex is one of the top locations for successful forex traders!
by PaxForex
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
USD SGD Live Update: Bearish Trend is Not Yet Over...Conclusion for today’s analysis: The minimum expectation for the USDSGD is ~1.33439. Price action from May 03, 2018 to current date is shown in today's analysis for the USDSGD on a 6 hour timeframe. A top formation that took almost 6 months to complete i.e. between July 02, 2018 to December 27, 2018 is identified as a complex head and shoulders pattern. Confirmation of the chart pattern occurred on the January 04, 2019 when price action closed below the neckline of the pattern at ~1.36138. The bearish implication of the pattern mentioned above is not yet complete and the minimum expectation for price action is 1.33439 achieved via a vertical projection of distance between the head of the pattern and the neckline. Any current bullish swing or retracement of the current uptrend should be considered for entry point into a bearish position(s).
Short
by Coin_Analyst
USD/SGD UpdateI closed a deal with 235 pips of profit. I did it because I currently in Italy and it's too hard to work and travel in this beautiful country at the same time. I pick traveling))) But what about USD/SGD. Currency rate at powerful uptrend. If you have an open position you can close part of it and hold another part. As for me, I will wait for PullBeak 1.3489 it is key level from which price bounced many times. I write this overview for you dear subscriber. You need to know that. I open positions only near keys levels. Because there I can calculate my potential risk and potential profit. Also, I use technical filters which I must to see before I open a deal. It gives for me mo accuracy. For you, I recommend wait for PullBeak to 1.3489 Long — Term goal for the price is 13 — month maximum 1.3902 Previus signal:
Long
by Yuriy_Bishko
1
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