CAD/SGD Profitable LevelCAD had a nice bottom movement two weeks ago and we are convinced by the confirmations that it stopped the bears.
Entry: 1.028
Stop: 1.023
Target: 1.04
Have a nice week! Follow for more.
CADSGD trade ideas
CADSGD SHORTPrice is in an overall downtrend ( under 200 EMA), in addition to the creation of lower highs indicating we should be looking at shorts. More so, a head and shoulders pattern has formed awaiting the break and retest of the neckline.
CAD/SGDWhat happens after this consolidation in a trend line? could this be a sign of a breakout? could this be a sign of which ones will win the price between the sellers and the buyers?
CADSGD - On good supportLONG - CADSGD
SL: 1.02185 (Suggested by our algorithmic system)
TP: 1.03394 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Price is on multiple support levels
2. Stochastic showing bullish crossover on oversold level
3. RSI bullish divergence and close to oversold.
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Blue Rectangle Box: Support Level
Red Rectangle Box: Resistance Level
Blue Arrow Line: Bullish Divergence
Red Arrow Line: Bearish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
CADSGD 1h AutoUFOs™ Trade Alert! 02 December 2019Buy Limit @ 1.0285
Protective Stop Loss @ 1.0250
Take Profit @ 1.0320
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
CADSGD 1h AutoUFOs™ Trade Alert! 02 December 2019Buy Limit @ 1.0285
Protective Stop Loss @ 1.0250
Take Profit @ 1.0320
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
CADSGD technically oversoldLONG - CADSGD
SL: 1.02069 (Suggested by our algorithmic system)
TP: 1.03173 (Suggested by our algorithmic system)
Reasons behind this idea:
1. Stochastic and RSI indicators suggests this currency pair is oversold
2. RSI and On Balance Volume indicators is showing bullish divergence
Caution: MACD is still showing bearish momentum
---------- Chart Drawings ----------
Blue Dotted Line: Broken Support Trendline
Red Solid Line: Resistance Trendline
Blue Arrow Line: Bullish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system
Trade idea from our mobile app: ibb.co (Timestamp is in Australian Sydney Time UTC+7)
Please trade responsibly and good luck!
short opportunityHead and Shoulder on H1 chart
SGD is also strong on low inflation report and market risk on sentiment
CAD/SGD - A nice LONG direction setup*** DISCLAIMER ***
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
****************************
At the moment we are in the lower bound of a 10 months old channel. Now, there is a nice long direction setup with also a nice R:R, so if I will see a bullish pattern as confirmation, I'll go long.
CADSGD looks good to go LONG now, but looks can be deceiving!Reasons behind this idea:
1. Detected bullish squeeze on the 1Hr Timeframe by our algorithmic systems.
2. Stochastic indicators are headed in the oversold zone.
3. Bullish hammer candle pattern on a support trendline.
Caution: MACD indicators have crossed bearishly.
---------- Chart Drawings ----------
Red Line: Resistance Trendline
Blue Line: Support Trendline
Purple Line: Suggested Stoploss
Green Line: Suggested Take Profit
Please trade responsibly and good luck!
CADSGD: Medium and long term Sell Opportunity.The pair has been trading within a 1D Channel Down since August/ September peak (RSI = 52.914, MACD = 0.000) and is currently testing the 1D MA50. Even though the Lower Highs are clear, the pattern lacks the latest Lower Low and we are taking this opportunity to go on a medium term short towards 1.0300. Long term trades may wait for an even bigger sell opportunity towards 1.01000 (1W Support) if the Channel Down breaks downwards.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
CAD/SGD-SHORTHere you have a nice and clear setup, looks already a nice opportunity. But for confirmation, wait for the retracement e 4h and take a shot on pull back
CADSGD Sell SignalPattern: Descending Triangle on 1W.
Signal: Bearish as the price is near the 0.618 Fibonacci retracement which is typically a rejection level on this pattern.
Target: 1.000.
BUY SETUPCurrent structure indicates we have an impulse of lower degree and price moves in smaller consolidation zone.
I expect continuation of medium to longer term uptrend to targets as marked on chart.
Bull run - CADSGDRun of the bulls! (potentially)
CADSGD could be coming off a 20+ year low
OANDA:CADSGD
CADSGD 4h AutoUFOs™ Trade Alert! 24 May 2019Execution:
Sell Limit @ 1.0260
Protective Stop Loss @ 1.0285
Take Profit @ 1.0185
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 4h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
CADSGD 4h AutoUFOs™ Trade Alert! 24 May 2019Execution:
Sell Limit @ 1.0260
Protective Stop Loss @ 1.0285
Take Profit @ 1.0185
Rationale:
Sell Un-Filled Orders (Red UFO) available in the 4h time-frame
Buy Un-Filled Orders (Green UFO) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
Bullish area developing - CAD SGDPrice is coming off multi year lows.
Price broke out of extended consolidation on daily time frame.
Weekly time frame is trading off support.
Looking for a strong move away from these levels in May and June
OANDA:CADSGD
