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JAPANESE YEN / SINGAPORE DOLLAR

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JPYSGD trade ideas

SGDJPY Trade Signal: SellDirection: Sell Enter Price: 110.403 Take Profit: 109.57933333 Stop Loss: 111.13633333 We have identified a selling opportunity for the SGDJPY currency pair based on our analysis with the EASY Quantum Ai strategy. Justification: 1. Downward Trend: Our analysis indicates a strong downward trend in the SGDJPY pair. The consistent lower highs and lower lows signal a bearish market sentiment. 2. Technical Indicators: Our strategy incorporates advanced technical indicators including RSI and MACD that indicate overbought conditions, which is a precursor to a potential price decline. 3. Resistance Level: The current price has tested a strong resistance barrier. Historically, this resistance level has held firm, causing downward movements in the price. 4. Volume Analysis: There is a significant increase in selling volume, indicating that bears are dominant in the market, further supporting the sell signal. 5. EASY Quantum Ai: Utilizing the EASY Quantum Ai strategy, we have cross-referenced multiple indicators and found a high probability for the pair to move downwards. By entering the trade at 110.403, setting a take profit at 109.57933333, and a stop loss at 111.13633333, we maximize our potential profit while managing our risk effectively. Always ensure to perform your analysis and trade responsibly.
Short
by ForexRobotEasy
SGDJPY Trading Signal: Time to SellWe’ve identified an opportunity to enter a Sell position on the SGDJPY currency pair based on our EASY Quantum Ai strategy . Here are the specifics of this trade signal: Enter Price: 109.18 Take Profit: 108.756 Stop Loss: 109.803 Justification for the Signal: 1. Technical Indicators: Our strategy has detected a confluence of indicators signaling a bearish trend. This includes moving averages crossing downward, indicating a reversal in the bullish trend towards a bearish sentiment. 2. Chart Patterns: The recent price action shows the formation of a double-top pattern around the 109.18 level, a classic bearish reversal signal. 3. Volume Analysis: A decrease in trading volume coinciding with peak prices suggests that buying momentum is waning, thus supporting a downward price movement. 4. Economic Factors: Current macroeconomic data from Japan indicates an improvement in export strength, adding pressure on the Japanese Yen to appreciate against the Singapore Dollar. Our EASY Quantum Ai strategy leverages these factors to provide a high-confidence sell signal. Be mindful of the entry price at 109.18, closely monitor the trade, and ensure your risk management strategies are in place with a stop loss at 109.803 and a take profit target at 108.756. Happy trading!
Short
by ForexRobotEasy
SGDJPY Trading Signal - Buy StrategyDirection: Buy Enter Price: 109.633 Take Profit: 110.14133333 Stop Loss: 108.98533333 Traders, the SGDJPY pair is showing a strong upward trend, and we've identified a profitable opportunity using the EASY Quantum Ai strategy. Several factors support this Buy signal: 1. Technical Analysis: Recent charts show a significant bullish pattern, with the pair consistently trading above key support levels. The momentum indicators and moving averages also suggest continued upward movement. 2. Market Sentiment: Positive economic data from Singapore, combined with favorable forex market conditions, has strengthened the SGD against the JPY. The pair's recent performance indicates a solid buying interest. 3. Volume Analysis: Increased trading volume during upward moves suggests strong institutional buying interest, reinforcing the likelihood of continuing the uptrend. Based on the above analysis, we recommend entering the market at 109.633, setting the Take Profit at 110.14133333, and placing a Stop Loss at 108.98533333 to mitigate potential risks. Stay updated with market news and adjust your positions accordingly. Happy trading! -EASY Quantum Ai Strategy Team
Long
by ForexRobotEasy
Trading Signal for SGDJPY**Direction:** Sell **Enter Price:** 116.128 **Take Profit:** 116.57533333 **Stop Loss:** 116.00433333 **Rationale for Forecast:** This trading signal was generated based on the EASY Quantum Ai strategy, which combines several technical indicators and quantitative analysis techniques to forecast market movements. Here are the key factors influencing this prediction: 1. **Technical Analysis:** - **Overbought Conditions:** Recent technical indicators suggest that SGDJPY is currently in an overbought territory, signaling a potential reversal. - **Resistance Level:** The currency pair is approaching a strong resistance level around 116.128, as indicated by historical price actions. 2. **Quantitative Analysis:** - **Volume Analysis:** Decreased trading volume indicates weakening bullish momentum and suggests a possible trend reversal. - **Mean Reversion:** Statistical models used by EASY Quantum Ai show a high probability of mean reversion, which aligns with a short position. 3. **Market Sentiment:** - **Sentiment Indicators:** Market sentiment analysis reveals negative sentiment for the SGD, strengthening the likelihood of short positions being favorable. By considering these factors, our EASY Quantum Ai strategy forecasts that the price is likely to decline from the enter price of 116.128 towards the take profit target of 116.57533333 while maintaining a stop loss at 116.00433333 to manage risk effectively. Please ensure to review this signal with your independent analysis and risk management practices.
Short
by ForexRobotEasy
Trade Like A Sniper - Episode 11 - SGDJPY - (1st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing SGDJPY, starting from the 6-Month chart. - R2F
by Road_2_Funded
SGD / JPY Long Trade🔔 BUY Signal Alert! 🔔 🔗 Ticker: SGD / JPY 🌐 Market: Forex 🔄 Side: Long ⏱️ Type: Swing Trade 🎯 Entry: 112.29 🛑 Stop Loss: 111.63 🥇 First Profit Target: 112.93 🏆 Final Profit Target: 113.47 The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals. The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
Long
by Chamleo
1
✨ SGDJPY: LTF CURVE ANALYSIS (15m) ✨ (DOWNTREND)QUICK MONEY TRADE FOR YOU ALL... SLO2 @ 113.008 ⏳ SLO1 @ 112.93 ⏳ SSO1 @ 112.58 ⏳ TP1 @ 112.036 TP2 @ 111.242 TP3 @ 110.90 TP4 @ 110.33 BLO1 @ 110.25 (place price alert - WATCH PA to determine next move) 🔑 BLO = BUY LIMIT ORDER LTF = LOW TIME FRAME SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT PA = PRICE ACTION Short-term time frames (1-minute to 3 hour): — Highly volatile, price movements can be fast and unpredictable. — Suitable for day trading and scalping, but require constant monitoring and quick decision-making. — Not ideal for beginners due to the risk and stress involved.
Short
by oktane
✨ SGDJPY: HTF CURVE ANALYSIS (9D) ✨(DOWNTREND)SLO2 @ 111.70 (Triggered) SSO @ 111.482 ⏳ TP1 @ 98.958 TP1a @ 94.55 TP2 @ 88.099 TP2a @ 82.15 TP3 @ 80.984 TP4 @ 79.00 (for all my "get every penny" traders") BLO1 @ 78.55 ⏳ BLO2 @ 75.124 ⏳ 🔑 BLO = BUY LIMIT ORDER HTF = HIGH TIME FRAME SLO = SELL LIMIT ORDER TP = TAKE PROFIT Long-term time frames (1 week to 1 year): — Shows the big picture, revealing major trends and economic factors. — Less volatile, price movements are slower and smoother. — Suitable for long-term trend trading and position trading. — Requires less frequent monitoring but may offer fewer trading opportunities.
Short
by oktane
SGDJPY SHORT. Trend Analysis: Time Frame: Choosen a specific time frame that aligns with my trading strategy. For example, let's consider a 4-hour chart. Moving Averages: Observe the Exponential Moving Averages. A potential shorting signal might emerge if the 50-day crosses below the 200-day, indicating a potential trend reversal. 2. Support and Resistance: Identify Key Levels: Look for significant support and resistance levels. A break below a crucial support level could indicate a bearish sentiment. 3. Relative Strength Index (RSI): Overbought/Oversold Conditions: Check the RSI for overbought conditions. If the RSI is above 70, it might suggest that the market is overbought, potentially signaling a reversal. Fundamental Analysis: 1. Excess Crude and Gasoline Stocks in the US: Examine Inventory Levels: Analyze the latest data on excess crude and gasoline stocks in the US. Impact on USD/JPY : Higher inventories could indicate a surplus, potentially leading to a decrease in oil prices. Given the inverse correlation between the USD/JPY and oil prices, this might contribute to a weaker JPY against the USD. 2. Economic Indicators : Consider GDP and Economic Reports: Evaluate the economic indicators of both Singapore and Japan. A weaker economic performance in one of these countries could influence the currency pair. 3. Interest Rate Differentials : Central Bank Policies : Monitor the monetary policies of the Monetary Authority of Singapore (MAS) and the Bank of Japan (BOJ). Divergent policies could impact interest rate differentials and influence the currency pair. Potential Shorting Scenario: Technical Signal : If the 50-day moving average crosses below the 200-day moving average, signaling a potential bearish trend reversal. Fundamental Rationale: Excess crude and gasoline stocks in the US may contribute to a weaker JPY against the SGD. Risk Management: Set Stop-Loss and Take-Profit Levels : Determine levels where you would cut losses and take profits based on your risk tolerance and trading strategy. Stay Informed: Be aware of geopolitical events, economic releases, or any unexpected news that could impact the currency pair. Remember, trading involves risks, and it's crucial to conduct thorough research, consider risk management strategies, and potentially consult with financial professionals before making any trading decisions. Additionally, consider the potential impact of transaction costs on your trade.
Short
by aj_ozibonafx
1
Keep it Easy SGDJPY long will make new record HighsIn Singapore a slight majority of analysts expected a 6th consecutive tightening move by MAS in order to tackle inflation, so the pause along with the conservative MAS statement on the inflation outlook saw a weakening of the S$. - Gold extended gains amid USD weakness; The US dollar index is testing one year lows at 100.78 during the morning. - Nikkei outperforms on results from big component Fast Retailing. But vs JPY nearly every currency is making higher highs. As trader,I focus just on technicals. Higher Highs Higher Lows! Trend is bllish! SG Dollar to Yen forecast by day. Date Weekday Min Max Rate 04/07 Tuesday 105.82 109.04 107.43 05/07 Wednesday 105.85 109.07 107.46 06/07 Thursday 105.83 109.05 107.44 07/07 Friday 105.79 109.01 107.40 10/07 Monday 106.55 109.79 108.17 11/07 Tuesday 106.30 109.54 107.92 12/07 Wednesday 106.16 109.40 107.78 13/07 Thursday 106.72 109.98 108.35 14/07 Friday 107.35 110.61 108.98 17/07 Monday 106.71 109.97 108.34 18/07 Tuesday 106.46 109.70 108.08 19/07 Wednesday 107.64 110.92 109.28 20/07 Thursday 108.22 111.52 109.87 21/07 Friday 108.14 111.44 109.79 24/07 Monday 108.73 112.05 110.39 25/07 Tuesday 108.90 112.22 110.56 26/07 Wednesday 109.20 112.52 110.86 27/07 Thursday 108.72 112.04 110.38 28/07 Friday 109.09 112.41 110.75 31/07 Monday 109.21 112.53 110.87 01/08 Tuesday 108.95 112.27 110.61 02/08 Wednesday 109.68 113.02 111.35 03/08 Thursday 109.66 113.00 111.33 04/08 Friday 109.13 112.45 110.79
Long
by DaveBrascoFX
SGDJPY LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones. If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
Long
by alcaedad
SGDJPY SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend. If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
Short
by alcaedad