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New Zealand Dollar vs Singapore Dollar

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NZDSGD trade ideas

Navigating the Market : NZDGD 27/9This pair went through a rare two-day whipsaw-ish price expansion of 90+ pips each day. That is almost twice the 20-day ADR for this pair. Due to this I am anticipating a rather subdued price action today with 35-55 pips range on top of today is Friday and there are no risk events for New Zealand and Singapore. I do see scalping opportunities (in 15 min or 5 min chart) for a Long trade if there is a stop hunt tapping under the London low and short trade if there is a stop hunt tapping at the NY-only session high. I am not a scalper so don't listen to me. However, I will short this pair if the latter happens. Due to negative swaps, I won't be holding this trade overnight, I'll take what I get and find a solution to continue the trade next week.
Short
by sufiansaid
There is a trading opportunity to buy in NZDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9030). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDSGD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 77. Take Profits: TP1= @ 0.9090 TP2= @ 0.9160 TP3= @ 0.9340 SL= @ 0.8940
Long
by ForecastCity
2
There is a trading opportunity to buy in NZDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9030). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDSGD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 77. Take Profits: TP1= @ 0.9090 TP2= @ 0.9160 TP3= @ 0.9340 SL= @ 0.8940
Long
by ForecastCity
2