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GBP/SGD

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GBPSGD trade ideas

GBPSGDI am currently monitoring this pair very well against all macro economic events. fundamentally as we all know the Brexit situation has been some key reason why price has been bullish due to the higher probability of the no deal Brexit being pushed back to allow more time to construct a meaningful tariff and trade deal between the UK and key EU member state. this has given a bullish sentiment across most GBP crosses. with that being said should we reach march and there is no real deal or any negative event we might see price retracing from the. key levels of around 18200. This brings me to my technical analysis for this pair where we look to have an inverse head and shoulder pattern playing out. I will be looking to have some sell orders places around the 18200 handle with targets at 17520 which lines up with the 61.8% key demand zones and will complete the right inverse shoulder. from there I do expect the major trains line from 2014 broken and retested. for now all eyes are at 18200 handle for short positions. lets see how price will play out so patience is what we need
Short
by kev1237033
ANALYSIS OF GBPSGD 2.12.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.7710 • Take Profit Level: 1.7850 (140 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.7535 • Take Profit Level: 1.7485 (50 pips) USDJPY A possible long position at the breakout of the level 109.70 GOLD A possible short position in the breakdown of the level 1452.00 USDCHF A possible long position at the breakout of the level 1.0010 EURUSD A possible long position at the breakout of the level 1.1030 WHY TRADE WITH PAXFOREX? We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on... Top Effective Educational Tools For All Types Of Traders The Reliability in all assets in the market Live Multi-language Online Support 24/5
by PaxForex
GBPSGD: Optimal Buy entry.The pair is trading within a 2 year 1M Bearish Megaphone pattern that is currently testing its Lower High trend line (hence the neutral RSI = 48.838, ADX = 27.266, Highs/Lows = 0.0000). What's really interesting is the fact that this pattern is symmetrical to the 2016/2017 rise. Based on that if the price rebounds now above 1.7200, there are high chances to break the pattern aggressively to the upside. In our opinion it is safer to buy when/ if the Golden Cross (MA50 crossing over the MA200) takes place. The target is entirely up to you but 1.8700 can be a good benchmark. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope