EURSGD trade ideas
EUR/SGD - soon to begin move downAfter having completed 5 waves up from Sep'22 to Jul'23, EUR/SGD is coming down in what is likely a corrective ABC move, in which the A wave and B wave (in the form of an ABCDE correction) are already complete. A C wave is now due which would ideally take the rate down to the 0.618 retracement of the 5-wave move up at 1.416 SGD per Euro.
EURSGD: Trend TradeEURSGD isn't exhibiting the cleanest of trend movements, but it is possible to ride these momentum breaks at each level.
Right now, we're seeing EURSGD break through another level, which should signal a pickup in momentum.
ADR: 35
SL: 30
TP: 80
EURSGD: Trend-Trading BreakoutEURSGD has been in a massive range since December 2023. We saw a breakout attempt back in August, which succeeded in September. After the initial move, we anticipate the illustrated target should momentum continue to the downside.
EURSGD Trading Signal: SellTraders, we have identified a promising opportunity in the EURSGD currency pair.
Direction: Sell
Enter Price: 1.44119
Take Profit: 1.43900333
Stop Loss: 1.44277333
Justification:
This signal is based on the analysis executed by the EASY Quantum Ai strategy. The following factors were taken into consideration:
1. Trend Analysis: Recent charts indicate a downtrend in the EURSGD pair, showing consistent lower highs and lower lows.
2. Moving Averages: A cross-over of short-term moving averages below long-term moving averages confirms bearish momentum.
3. Resistance Levels: EURSGD has faced strong resistance near the enter price, 1.44119, suggesting it is less likely to see an upward breakout in the short term.
4. Market Sentiment: Overall sentiment analysis points towards a bearish outlook owing to Eurozone's economic data contrasted with the stable performance of the Singaporean Dollar.
This trade setup suggests selling at 1.44119, targeting a profit at 1.43900333 while placing a conservative stop loss at 1.44277333.
As always, ensure you apply appropriate risk management strategies when entering this trade. Happy Trading!
Exploring Long Positions in EUR/SGD: A Probabilistic ApproachThe Euro to Singapore Dollar (EUR/SGD) pair is showing potential for a bullish trend, supported by several key fundamentals.
The European Central Bank's recent hawkish stance on monetary policy, coupled with expectations of further interest rate hikes, is strengthening the Euro against many currencies, including the Singapore Dollar.
Additionally, the improving economic outlook in the Eurozone, with signs of resilience in manufacturing and services sectors, is contributing to the Euro's positive momentum. On the other hand, Singapore's export-dependent economy is facing headwinds due to global trade tensions and a slowdown in China, which may put pressure on the Singapore Dollar.
I'm looking to capitalize on this bullish bias for EUR/SGD by utilizing probabilities to enter long positions.
12M:
1W:
1H:
Please feel free to share your ideas.
EURSGD SELL NOWWe can see a nice bounce off the resistance zone on the weekly timeframe. I am entering a short position aiming for an RR of 1:2. I am hoping that price will drop down to touch the black uptrend line.
EURSGD shortTrading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. Always conduct your own analysis and consider your risk tolerance before entering any trade.😉😉
EUR/SGD : Change of trend from Bullish to Bearish Tweezer Top indicates reversal of trend to Bearish.
SHORT Trade is on.
Buy from Market and then adjust S/L and T/Ps. Keeping risk to 1%
EURSGD - Making a Complete 180Similar structure to the AUDSGD trade idea I just published, but I have a few more points to add here.
I was originally short this pair.
I attempted to make another attempt to enter short and ended up taking out a loss.
Since price broke to the upside of this range, my directional bias has changed from bearish to bullish.
Momentum picked up nearing last Friday's close and the moving average crossover is an indication of potential price acceleration for the week ahead.
EURSGD Bullish Trend EURSGD Bullish Trend with HH/HL. Chat contain Entery Point, Stop Loss and Take Profit
EURSGD TRADE IDEAEURSGD Trade Setup
Entry: 1.44931
Stop Loss: 1.44725
Take Profit 1: 1.45709
Technical Analysis
-Price has been in the weekly area of liquidity.
-4H and daily charts have already shifted.
-Price was self-liquidating on lower timeframes.
💡⬇ EUR/SGD Short IdeaHi traders, As of this moment I'm starting to see bearish behaviour. We are below 200ma on the daily and we have hit 50% Fib. Only problem is we are at a key Support level. If we break below that it will be a water fall.
EURSGD ____ INCOMING BULLISH RALLYHello Guy,
Looking to trade EURUSD but are in doubt, just look at this pair instead it's well structured.
Have a profitable week.
Follow for more updates like this.
Cheers,
Jabari
Continuation Trade On EURSGDEURSGD started consolidating at the beginning of September and then broke below this range 14 days later. Price retraced back to the lower boundary of the previous range and is currently holding below.
This is a good indication that selling pressure remains strong. As long as price is holding below this range, a swing trade potential is possible.
EURSGD has printed Bullish AB=CD PatternEURSGD has printed Bullish AB=CD Pattern on 1HR chart. Entry Point along with Stop Loss are marked on the chart. Divergence is visible on RSI.
EURSGDEURSGD I'm expecting the market to hit the reversal zone of 0.786 area before it continue to its trend. As we can see from other markets EURO gaining strength.
Market Confluence:
RSI DIVERGENCE
Fibonacci
Key Level Area
Trendline
Price Action
Elliot Wave
EURSGD: Bullish Conitnuation (Cup&Handle)Cup&Handle formation printed during bullish trend and as no divergence seen so it seems continuation may continue after break out and goes upward potentially.
Rising WedgeAs the chart shows the bearish divergence and also we observe rising wedge pattern hence we can predict bearish reversal
EURSGB Reallignment tradeI expect more weakness in the EURO down to that demand zone prior to moving higher back into the swing high.
EURSGD - Sideways (Buy/Sell Limit)After Bearish trend printed last LH and LL the trend goes to end and market gone into range. To trade in a range it is better to place both Buy/Sell limit orders to minimize risk.
EURSGD - Bullish TrendEURSGD trading in a bullish trend on a 1h timeframe by making a series of Higher Highs and Higher Lows.
EURSGD ____ INCOMING BULLISH RALLYHi Guys,
I'm sure most of you are unfamiliar with this pair, however, this pair has some good price movement at play that could provide nice trading opportunities. We just had a bit of a sell-off for the past weeks as prices entered a strong weekly/monthly supply zone.
This sell-off brings the price to a key daily demand zone of which the price is meant to cool off bearish steam.
Looking at my chart, you will notice that price is currently sweeping sell-side liquidity and by the time this sweep has been satisfied, the bullish rally will begin.
I expect the price to get into my POI (blue box) before I start looking for CHOCH from bearish to bullish.
If you like this analysis, be sure to give me a like.
Follow for more updates.
Cheers,
David
