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Usdsgdlong

USDSGD long trade idea (update!)Plan : trendline and 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
3
USDSGD long trade ideaPlan : 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
3
USDSGD long trade ideaon my previous USDSGD short trade analysis (link attached below!) price perfectly hit the final target and currently, we are seeing price playing inside a rising wedge pattern, here's the plan. good luck! Plan : 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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
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
Buying USDSGDFrom a technical and trading perspective the USDSGD has tested a symmetry swing support and the monthly S2, also note sentiment and momentum divergence as highlighted on the chart, buyers have emerged as confirmed with yesterday’s close above the near term Volume Weighted Average Price (VWAP). A continuation today through 1.3650 would be a bullish development and opena move to test symmetry swing resistance towards 1.3750, on the day a breach of 1.36 would negate the bullish bias and suggest a test of 1.3550 before a corrective recovery develops.
Long
by FXCareerSwap
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