SG30SGD trade ideas
SG30 Price Forecast Asia’s current situation is showing a great bear sentiment in the market as the debt contagion continues to spread throughout Southern Asia. Our view for Asian Indexes is that the governments are using every tool/resource available to prevent a financial collapse by enacting a very bold and expensive initiative to expand trade and other infrastructure projects across the newly developed world.
SG30 is looking very good for a short trade, to reach the previous support levels.
Target prices : @263, @238 and @203 $
Stop loss : @299$
Please be aware of the fact that this is just a forecast and due to the volatile market conditions, can be changed. Always consider your own risk:reward ration before entering a trade.
Stay safe !
Strait Times Index PlanI know there are a lot of levels I look for bullish liquidity there. It is only because the market presented me with a lot of levels to "play" with.
I am technically bullish on the Singapore Dollar (SGD) in spite of the recent easing policy of the currency. There is a positive correlation between the SGD and the STI it seems at the moment hence I am looking to speculate this index to move to the upside.
I am looking for business at one of these levels I have marked on the chart
Ichimoku long setup: SG30SGDOn the daily TF, we have our bullish tenkan-kijun cross and price has crossed kijun sen from below, indicating a possible bullish bias. On the H4 TF, we have a bullish hammer sitting nicely on the tenkan sen. We receive our confirmation from %R. Hidden bullish divergence is also observed on UO.