USDSGD trade ideas
USDSGDTwo possible situations we can see in the nearest term. But I tend to the bullish variant more. What about you?
USD/SGD : Watch this Flag and SELL Strong SEll in downside, structure looking extreamly Bearish.
ThankYou
USD/SGD will bounce back from the “Rising Widening Wedge”The pair will bounce back from the “Rising Widening Wedge” pattern support line. Singapore is taking a toll on the coronavirus pandemic. As the largest investment hub in Asia and the fourth in the world, Singapore suffers from a lack of foreign direct investments (FDI), especially from the United States. In Asia, Singapore and China took the most hit from COVID-19. US investors are choosing the US dollar as their safe-haven investment during this pandemic. The greenback is particularly attractive due to the notion that America will always find a way to keep its economy afloat. Among the fiscal measures taken by the US government and the Federal Reserve was increasing liquidity in the market. In total, the stimulus by these institutions amounted to $5 trillion. The government and its central bank are also looking to distribute the fourth phase of stimulus to the public to prevent its economy from collapsing.
USDSGD outlookPrice still in a bullish trend with a good uptrend line with multiple confirmations. Waiting for the break of the recent high to buy.
Price broke the downtrend line and 200SMA, retested it and closed higher on Friday. Target levels go in line with Fibonacci levels.
Sell option on the break of the uptrend line, if the sentiment turns against USD.
Please support the idea and share your thoughts on USDSGD!
Good Luck and Stay Healthy!
USDSGD - Support Is Set Hello TV family
We found support at 0.618 fib retracement.
Broke the descending trendline bullish.
The rising trendline is acting as support.
Short and long term targets are on the chart.
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USD/SGD Short Idea (Again)We are in a down trend and right now testing the daily level again!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support
USDSGD Decision making zone.HI guys im here again with another grate idea.
CHART IS CLEAR. GOOD LUCK
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Attention: WAIT for breakout form up or down trend...
Do not set STOP LOSS until i update this idea.
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Waiting BuyThe price exits the price model and goes up, indicating that the market has confirmed the pattern and broke out in theory. now we wait to buy up at the area where the demand continues and the price has escaped the accumulation area. this zone is likely to hold the order around 51%. and should choose a reasonable cut rate
USDSGD Bullish Forecast!
usdsgd broke above a resistance line of a triangle on a daily.
the breakout is considered to be confirmed and now we expect a bullish continuation to the next structure resistance: 1.43 level.
The best trade entry is always on a pullback.
good luck!
USDSGD broke the channel 🦐USDSGD broke the channel to the upside. We are waiting for another breakout on 'd' point.
In that case the market will gain positive momentum and we can set an sell order according our strategy
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
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