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NZD/SGD

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NZDSGD trade ideas

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:
Short
by MC_Mike_Trading
2
NZDSGD: Strong Buy opportunity within the Channel Down.The pair has been trading within a long term 1M Channel Down (RSI = 37.426, MACD = -0.018, Highs/Lows = -0.0198) that only recently made a Lower Low and is rebounding on the 3rd straight green 1W candle. Based on the duration and decline of the previous Lower Highs, we are expecting the next Lower High to be towards 0.91000, where it will make contact with the 1W MA50, which has always provided a rejection in the past 2 years. ** 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
NZDSGD: Long opportunity within a 1M Channel Down.The pair has been trading within a 1M Channel Down (RSI = 35.152, MACD = -0.017, Highs/Lows = -0.0297) since January 2017. Currently it is closer to the Lower Low zone and since through-out this downtrend it has always made contact with the 1W MA50, we are expecting a rise towards at least 0.9000. ** 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
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