USDSGD trade ideas
USDSGD : Bullish trade ideaWeekly created FVG
Daily came and tested that FVG, created an OB in the process
We look to trade a 2H OB+ zone within that Daily OB+
USDSGD shortUSDSGD has so far rejected a strong supply zone. And the double top theory is very clear. An 80-140 pip magnitude crash is expected. Keep in mind that this is a fairly risky pair
1.346 watch to hold, at a key daily resistance area...
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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USD/SGD Long - 01 June 2021 | Hybrid Move Result: +3.00%Hey all,
Another quick breakdown of one of our key strategies.
The trade initiated from a Daily Jr. Zone stacked with a key quarterly and monthly trendline and of course a clean weekly area of demand. Beautiful price-action in my opinion at the higher-timeframes.
The overall higher time-frames were perfect when the trade was executed and the Dollar index was also located in multiple layers of demand. The last couple months we've been eyeing the dollar
for a clean recovery higher, the main reason for this was the fact that price was located in a key area of value at the monthly time-frame, at the weekly time-frame and at the daily time-frame as well|
by stacking our unique zones, we can gain an edge in the markets and by utilising multi currency analysis this trade was executed live together with a scale-in position which is still running with an additional
+3.16% locked in profits due to our trailing stop loss.
The 4hour entry was formed strongly after a bit of slowing down for the recent 4hour candlesticks. Price exploded to the upside due to fundamentals, even though we do not
trade fundamentals or check the news due to the subjectivity of it, we do love the volatility it brings to the table.
Text book setup in my opinion which provided some good profits.
Kind regards,
Max Nieveld
USDSGD SIGNALHello friends.
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Everything on the chart.
open pos: market
target: 1.37
stop: ~1.346 (depending of ur risk). ALWAYS follow ur RM .
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It's not financial advice.
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💡Don't miss the great buy opportunity in USDSGDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3382).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 40 .
Take Profits:
TP1= @ 1.3467
TP2= @ 1.3510
TP3= @ 1.3557
TP4= @ 1.3617
TP5= @ 1.3668
SL= Break below S2
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💡Don't miss the great buy opportunity in USDSGDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3382).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 1.3467
TP2= @ 1.3510
TP3= @ 1.3557
TP4= @ 1.3617
TP5= @ 1.3668
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
23 June: USDSGD bullish play seenHi everyone!
USDSGD is pulling back to its ascending trend line, in line with the 78.6% retracement which presents an opportunity to play the bounce here. Our stop loss is placed slightly below the previous low and take profit targets at -27.2% and -61.8% retracement respectively. What are your thoughts on USDSGD?
💡Don't miss the great buy opportunity in USDSGD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.33851).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 1.34828
TP2= @ 1.35317
TP3= @ 1.35762
TP4= @ 1.36323
TP5= @ 1.36743
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in USDSGD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.33851).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDSGD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 1.34828
TP2= @ 1.35317
TP3= @ 1.35762
TP4= @ 1.36323
TP5= @ 1.36743
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
7 June: USDSGD could see a bounce hereHi everyone!
Following a disappointing Non-Farm payroll report on Friday, USD pared recent gains and we are currently seeing a pullback on USDSGD. On the technical front, prices broke its previous high and descending trend line and is currently pulling back to our entry zone.
Reason for these levels: The entry zone is also a support area that has been respected by price previously, where we saw a strong bounce above this area. On top of that, this area also coincides with fiboancci confluence levels and we could see a further upside from here.
Our take profit targets are based off the graphical levels where price rejected previously, with the second take profit target in line with the -27.2 fibonacci retracement. Stop loss is placed slightly below the latest low we have on the H4 time frame.
USD/SGD:BEARISH PATTERN FORMATION|SELL SCENARIO+FUNDAMENTAL🔔The Singapore Trade Balance for May was reported at $5.754B. Forex traders can compare this to the Singapore Balance for April, reported at $5.412B. Non-Oil Exports for May decreased 0.1% monthly and increased 8.8% annualized. Economists predicted an increase of 4.7% and 16.0%. Forex traders can compare this to Non-Oil Exports for April, which decreased 8.8% monthly and increased 6.0% annualized.
US Initial Jobless Claims for the week of June 12th are predicted at 359K, and US Continuing Claims for the week of June 5th are predicted at 3,430K. Forex traders can compare this to US Initial Jobless Claims for the week of June 5th, reported at 376K, and to US Continuing Claims for the week of May 29th, reported at 3,499K.
The Philadelphia Fed Manufacturing Index for June is predicted at 31.0. Forex traders can compare this to the Philadelphia Fed Manufacturing Index for May, reported at 31.5. The US Leading Index for May is predicted to increase 1.3% monthly. Forex traders can compare this to the US Leading Index for April, which increased 1.6% monthly.
The forecast for the USD/SGD turned bearish following its price spike after the US Federal Reserve announced it moved its timetable for interest rate hikes forward.
Can bears use the present technical scenario to pressure the USD/SGD into its horizontal support area?
USDSGD Facing Bullish Pressure | 15th June 2021USDSGD currently facing bullish pressure above 38.2% Fibonacci retracement level and entry at 1.32533. With price holding above moving average, a short-term intraday push higher towards graphical swing high resistance and 61.8% Fibonacci extension level at 1.32773 could be possible.
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