NZDSGD trade ideas
NZDSGD Sell SignalPattern: Lower Highs on 1W since February 2017.
Signal: Bearish as the price is entering the Lower Highs Zone (red Rectangle) from March 2019.
Target: 0.85000 (just above the 0.8450 May 2020 Support).
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Previous NZDSGD signal:
NZDSGD. The price in this currency pair will go down.Hello!
We see how recently the price has changed a lot,
it has been very volatile,
the support level has already helped the price rise,
but it has not been able to pass the key level and is unlikely to do so in the near future,
so the price will fall down.
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NZDSGD Long PlayI think price has reversed and we have already retraced to Low Risk Buy point and bounced up. And this is on the Monthly Chart! So this sets to tone as BULLISH at least up to 0.90850 price level! There should be plenty of Long opportunities in between! What do you think? Feel free to share your opinion!
Good trading!
NZDSGD. Price will resume its growth at the support level, but iHello dear subscribers!
On this chart, a drop in currency is clearly visible.
The price to resume its growth as soon as it reaches the level of support,
but for now it will continue to fall.
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NZDSGD 1h AutoUFOs™ Trade Alert! 19 February 2020Sell Limit @ 0.8915
Protective Stop Loss @ 0.8935
Take Profit @ 0.8895
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 1h 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
NZDSGDTF: 8 Hr
Very clean and interesting completed H and S pattern following a previous uptrend. Currently the markets for NZD/AUD (risk currencies) are pulling back from recent declines due to global fears (trade wars, coronavirus, US tension in middle east etc.).
I am looking to see if current price can close down below blue supply/demand zone (H and S neckline). If this is the case, more downtrend can be expected as this would be a rejection at the broken neckline. Fibs are on the chart for possible rejection zones.
If trend continues down I would like to see price test 0.8750 zone. This area would be thee 0.618 fib retracement of the last bull run (late november to December). A bounce here would confirm previous resistance area turned to support. From there massive upside and continuation of the uptrend in my opinion.
Keep in mind we have some high impact NZD news today and yesterday RBA held the interest rate which sparked a large bullish spike in AUD and NZD pairs. Risk off is still in play and this current correction could lead to further downside. If price spikes and continues higher, then idea is invalid
See here for 0.618 and previous resistance confluence: