NZDSGD - Bullish Trend - 1 Hour Time FrameBased on the chart, we can observe that it is showing higher highs (HHs) and higher lows (HLs), indicating a bullish trend. The Relative Strength Index (RSI) does not indicate any divergence currently.
We will enter a long trade with a risk-to-reward ratio of 1:1. Our trade plan is as follows:
Entry: We will set a buy stop order at 0.82987.
Stop Loss: Our stop loss will be set at 0.82575.
Lot Size: We will take a position size of 0.27.
Take Profit Targets: We have identified two take profit levels, with the first at 0.83393 and the second at 0.83811.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
NZDSGD trade ideas
Perfect automated detection of BlackSwan pattern - ShortA bearish-type big BlackSwan pattern occurred.
If the price rises to 0.87045, a bearish-type Butterfly pattern could occur.
Also on the daily chart, bearish-type BlackSwan pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
NZDSGD LONG SETUPNZDSGD has reached a good weekly demand area, in recent price action we can see a change of character to the upside, I've marked a good area of interest and I will be waiting for price to gravitate back to this AOI to make a trading decision. There's a potential Gartley pattern developing, It's last leg complete at AOI and this probable market structure would add a strong confluence to a bulls
NZD/SGD: GARTLEY PATTERN FORMATION - SHORT TRIGGER Hello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
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NZD/SGD : FORECAST FUNDAMENTAL ANALYSIS + NEXT TARGET POINTThe New Zealand Trade Balance for August was reported at -NZ$2,144M monthly and at -NZ$2,940M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for July, reported at -NZ$397M monthly and -NZ$1,100M 12-month year-to-date. Exports for August were reported at NZ$4.35B and Imports at NZ$6.49B. Forex traders can compare this to Exports for July, reported at NZ$5.77B, and Imports, reported at NZ$6.17B.
Singapore Industrial Production for August increased 5.7% monthly and 11.2% annualized. Economists predicted an increase of 3.1% and 8.8%. Forex traders can compare this to Singapore Industrial Production for July, which decreased 2.8% monthly and increased 16.4% annualized.
The forecast for the NZD/SGD remains bearish after this currency pair has reached the top of its descending price channel.
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ascending triangle ascending triangle
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Every time when the market breaks out through a certain resistance or support level, there will be a pullback sooner or later. If the price returns to a few pips of the entry point and tests it, this is called a breakout test.