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Usdsgdlong

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
Analysis on USDSGD 2019At this moment on USDSGD Daily Chart USDSGD is moving on a sideways market movement and it ranges between 1.3456-1.3609. USDSGD has been ranging for the past 3-months a break of the market movement is certain. There are 2 possibilities of its movement, an appreciation of USDSGD is more likely the and continuation of a bearish move. If the market break and close above 1.3609, is a likelihood for it to move towards 1.3825 and a break of that moving towards 1.4048 is seen. The analysis is only for reference purposes and it shouldn't be used for any investment or trading purposes.
Long
by RaynLim
USDSGD Poised for a ReboundMoving averages suggest we have some more way to go down as we continue a strong downward trend. Moreover, the strength of this slide is notable. Resistance from February was broken as was resistance from January AND price action also broke a trend line from back in 2018. In spite of this, RSI and stochastic suggests we are poised for a rebound as both are flashing that this move was overdone. Let's see how it pans out or if this trend will continue. Keep in mind though, this is a short term long call. My apologies if I don't keep up and update the trade on time on here. Keep an eye on DXY as well as it looks like the dollar was hit across the board from the dovish Federal Reserve sentiment. For more of my analysis, please check out more of content here anthonylaurence.wordpress.com
Long
by WhiskeyTangoFoxtrot3
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
USDSGD Holds Trend Support | Potential Bullish ReversalUSDSGD has tested key support three times in November, in which price quickly rebound after reaching this level. This is significant as quick rebounds indicate bullish sentiment, as buyers continue buy at dips. This is further evident by the fact that price has been trading in a channel trend since June of this year. Going forward, you must look closely to the performance of Chinese & emerging markets stocks for potential correlation (Since the pair is USDSGD the correlation will be inverse to stock price). Lastly, we cannot forget about the ongoing trade war, in which bad news coming out of China will also be bearish of the Singaporean dollar. Trade Step-ups: Bullish Reversal: Price rejects break from long-term bullish trend. Price swings to the topside of the channel. In addition, it is entirely possible for price to break current support level to test the final support before price reverses. Profit levels to look for are 1.3840 & 1.3870. Bearish Breakout: Price breaks current support level and the final support level. Expect more declines if price consolidates below 1.3680.
Long
by EmpowerTrader
USDSGD swing look for buy continuation; day traders sellAnalysis for swing traders Swing is clearly trending higher with higher highs higher lows from not just price action but bollinger bands as well. Therefore current movement = retracement. For trigger look for VV in line chart at shadow or clear wash n rinse of shadow i.e. V shape below and then sharply back above shadow. If in doubt insert a 3ema display2 on day chart as filter. Analysis for day traders Follow the consecutive black candles to short.
Long
by colonelkink
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