Outlook for USDSGD: Bullish breakout to be seenHi everyone!
USDSGD has been trading sideways as investors await the FOMC meeting, with all eyes on the Fed for their latest view on inflation. On the TA front, USDSGD is currently in a triangle pattern right now and a break above the descending trend line and resistance area at 1.33100 could see a further upside to our next resistance target at 1.34000.
Usdsgdlong
Bullish outlook on USDSGDUSDSGD broke above its descending trend line and is sitting on a key support area at 1.32000 - 1.32100 where we could see a pullback to test this area and further upside after. Looking to play a bounce above this area to resistance targets at 1.32580 area and 1.32820 area.
Follow us to find out more!
USD/SGD Bullish continuation signalHi Traders
USD/SGD (H4 Timeframe)
A high probability, entry to go LONG is forming @ 1.34787 after the market found support @ 1.34100. Only the downward break of 1.34100 would cancel this bullish scenario.
Trade details:
Entry: 1.34787
Stop loss: 1.34100
Take profit 1: 1.35855
Take profit 2: 1.36947
Take profit 3: 1.38727
Score: 10
Strategy: Bullish Wave - We2
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.
------------------------------------------------------------------------------------
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
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
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
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
USDSGD Ready for a big bounceWe have just touched a pivotal support line.
Last two touches of this line in March 2019 & January 2020 both resulted in decent Elliot Wave runs (January was huge). We are likely seeing the 1st wave forming right now, add this to your watch list and get ready to take advantage of the pull back and the big take off of wave 3.
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
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.
USDSGD - Outlook 22 Sept 2020 - Buy Hi all traders,
This is a video analysis on usdsgd.
As usual, i have warn some pretty nice levels for you to take the trade for usdsgd.
In addition, i have added a small little nugget in the video for traders to understand why usd is gonna be stronger.
Hope you like the video analysis.
*****Follow me on tradingview for more video analaysis******
****Like and share with all your friends for this video analysis****
USDSGD - long biasedHi all traders,
I hope you have a good day with all the pips from fomc.
Now that fomc have settled, this is a trade analysis i have for you all on usdgsd.
Please take note of the levels i have informed in usdsgd and trade those levels carefully.
Please also help to like and share this video with your friends.
Follow me on tradingview for more video analysis.
Cheers and thank you as always!
Chance for a USDSGD longI see a quite significant weakening of this momentary downtrend on USDSGD, as the indicator shows us, reason for which I believe a long entry could be seen in the next weeks. I'd like to split this trade into two: a medium term one and a long term one. The first one has a 4.00 Risk/Reward ratio which is not bad to me, instead the second one has a more than 3 ratio because I decided to go for a wide stop loss for the great opportunity this pair can give us. Btw that's up to you, if you want to have a safer stop loss in case it doesn't go as planned or if you want/can risk a lil bit more.
Let me know what you think with a comment below and a like. Thank you!
Looking to go long USDSGD .. the week of 22JuneNothing is 100% in trading but in my opinion, this pair could be turning bullish.
A break above 1.3980 and then above 1.4030 will provide a level of certainty to this view and conservative traders can wait for such "confirmation".
I am a bit more aggressive and would like to go long if we get a pullback to the upward sloping trend line. In that case the stop can be placed below 1.3930. This will provide a tight stop while increasing the R/R potential considerably.
However, if we get a H4 close below 1.3930, that will negate my analysis.
If you like my analysis please give it a "thumbs up" and "follow me" to get instant notifications of my posts and updates.
As always, please use sound money and risk management in all your trades.