USDSGD trade ideas
USDSGD 26/03/2024Weekly:
-Inverse H&S pattern.
-IC.
Daily:
-Bullish M pattern.
-Inverse H&S pattern.
-IC.
4H:
-IC.
-Market shift.
USDSGD IS IN BULLISH as it close bullish hammer on HL side in 4hUSDSGD IS IN BULLISH as it close bullish hammer on HL side in 4h time frame
UsdSgd UptrendThe rise initiated in the dollar, triggered by the higher-than-expected U.S. CPI data, also propelled an upward movement in USD/SGD.
Technically, the price has broken the long-term downward channel upwards and is currently finding support at significant Fibonacci levels in both the downward and upward directions.
Expanded flat (ABC)SGD has been holding up relatively well compared to other Asian currencies (RMB, JPY, ringgit etc) against USD over the past few years. It is one of the strongest currency in Asia, but not for long.
Based on my analysis, USDSGD is in the 1,2 formation of the white C wave as depicted in the chart. USDSGD is the midst of completing the C wave of an expanded flat (ABC) commencing from 1994. One characteristics of the C wave of an expanded flat(ABC) is it takes the longest time to complete among the three waves.
As depicted in the chart, a 2.0 extension will target wave 3 of the impulsive wave at 1.84, a 1.618 extension will target wave 4 at 1.74 and a 2.618 extension will target wave 5 at 2.0.
A 0.618 retracement of the red wave (A) is at 1.96 and a 1.618 extension of wave A of the "potential" expanded flat (ABC) will target wave C at 2.0
A confluence of the above three analysis all points to 2.0 as the end price for wave C.
That's the beauty of Fibonacci and Elliott wave !!!
The question now to ask is the wave 2 of the wave C completed ? Based on previous analysis on DXY, it should be. But then again, let the market do the talking !
USDSGD POTENTIAL LONG OPPORTUNITYHey everyone hope you are having an incredible weekend so far!!! Just wanted to come on here and give a post for an opportunity I see coming up in the next couple weeks here on USDSGD! Just wanted to share some simple insight so you guys can hopefully grab some value and wisdom from this and maybe even have it be confirmation for something you were already seeing! So lets DIVE IN
OK so when looking at USDSGD you can see recently something significant on the daily timeframe did appear. We had seen that price structure was making lower highs and lower low with price...showing a seller dominant market on this pair with strong seller momentum. WELL when looking at it now we can see that on the week of February 2nd prices ended up rising to create new highs on the daily. Rather than price continuing lower...which is a pivotal moment with price action displaying to us the shift to buyer dominance. SO with that information as our context/bigger picture and we zoom in to look at the momentum and potential zones to participate with this bias we can see that there is some strong demand in this upward move it had created that we could look for some nice opportunities from...making a HL and continuing into higher TF supply/structure zones.
OK so when zooming in you can see my 4H chart I have the zone of demand marked off for you guys. If you are wondering why that area because if you look at the upper zones of strong demand, although reacted, didn't give a continuation from there...displaying it wasn't quite the right price (discount) for the bigger players to build and take orders from...so price continued downward. Now looking at price the 1H/4H demand zone I have marked is that next best spot giving us a strong momentum zone to look for trades to build from!
Hope this all made sense! Love sharing with you all and if you like it as well please boost this post and follow my page for more accurate, simple & effective analysis!
Cheers! God Bless!
Analysis and purchase of the usdsgd currency pairAnalysis of new financial markets
With the zts method
Analysis based on Fibonacci patterns and smart money
This pair is in an upward trend and the price has corrected to near the outer block. We expect the price to rise to the previous high.
Traders, if you like this idea or if you have any comments about it, I would be happy to write your comments.
USDSGD Potentially making a inverse head and shoulderUSDSGD is showing signs of potentially forming an inverse head and shoulders pattern, accompanied by divergence on the chart. Following recent news, there's speculation that DXY might trend bearishly, while SGD could rally. We're monitoring the neckline break closely for potential trading opportunities in line with this pattern. I'm curious to hear your thoughts on this analysis. Cheers!
USDSGDprice is in a corrective phase which is a triangle , minute wave ABCD is done , and we are in minute wave E. i will be looking to short the pair from the end of the wave E
USDSGD - BEARISH TRENDUSDSGD is printing LH and LL. Stop Loss, Entry Price and TP'S have been marked.
USDSGD Strong bullish signal above the 1D MA200It's been again a long time since we traded the USDSGD pair (October 03 2023, see chart below) but it did manage to give us a low risk sell opportunity:
The price hit today the 1D MA200 (orange trend-line) for the first time in exactly 2 months (since November 17). That is a major pressure level as it is also exactly where Resistance 1 (1.34550) is. The long-term pattern is a Channel Up and technically this is the 3rd Bullish Leg. The previous two rose by more than +4.00% but the 2nd made a temporary pause at +3.44%.
That is our 1D MA200 break-out target and it interestingly falls almost exactly on Resistance 2. We are targeting 1.36100 but if the 1D MACD forms a Bearish Cross earlier, we will the the profit on that market price.
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Still in the move, keep goin' ?That was quite a pretty H4/Daily move, if you are in stay in, if you want to take it probably a new opportunity for today or the end of the week. Am I seeing USD to drop ? Probably yes...
USD SGD Sell ConfirmedHey guys! Its your girl forex potatoe again on another analysis.
Last week i posted a sell bias for USD SGD and its now confirmed on my images you would see the confluences and reason for my bias
Entry: The bearish engulfing is too huge so i would prefer to see the imbalance filled from lower timeframes so i can enter with lesser risk. If you are interested in taking this trade on the 3H close of bearish engulfing its also fine.
USDSGD: Wave C target is 1.55.DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
USDSGD Sell Idea DowntrendHey Guys! its your girl Forex Potatoe here we go again on our daily Analysis
USD SGD is currently on a downtrend on the 4H and 1hr timeframe, but 15mins time frame is currently in an uptrend with the last low broken.
price is on a downtrend on two Timeframes so i am currently looking at taking a sell on the 15 mins or 5 mins timeframe.
We can see price trading currently on a flip zone(0.50 on the fib), and RSI on 15 mins is currently overbought so hence i expect the market to drop today as its a day trading signal and TP would be on the last low
Kindly let me know what you think about this idea and also leave a follow so you can see my analysis regularly.
USDSGD POTENTIAL LONG TRADEWHATS GOING ON EVERYONE! Hope you are having an amazingly blessed weekend so far! I know I am. Just wanted to get on here and provide some values for you guys with a potential setup I see here on USDSGD. I've done a few posts on this pair the last couple months but I see a nice setup here and wanted to give a little more in depth breakdown of what I see potentially happening here on USDSGD and what price action is showing me (clues). OK so lets dive in!
OK so I've been watching this pair for some time and recently (about 2 weeks ago) price came into daily demand and had a little reaction from there (check my last post) but had seen that the momentum wasn't very strong; which signaled to me that the buyers were not super interested yet (maybe needed to build more liquidity). So what has followed is that price came BACK INTO DEMAND BUT FAILED TO BREAK LOWER. You can see the seller came in trying to break lower...but look what the buyer did. SNAP! right back came price back above those lows of 1.32900 area. SO THIS SIGNALS TO ME that the buyer may have finally got the "deal" so to speak that they are looking for and now may drive price higher.
OK. Take a breathe lol. Or at least I will. So now if you look at the chart I gave some more detail and reasoning behind a trade potentially going to upside so check it out on the chart and remember trading is all about PROBABILITY and CONFLUENCE lining up what the market is showing you with your potential bias. If you do this then it will help MASSIVELY in your analysis and ultimately your trading.
OK SO just wanted to come on here and make this post for you guys hope you enjoy please BOOST and FOLLOW my page for more accurate in depth analysis!
Cheers and GOD bless!!
SGDUSD to 0.88: De-dollarization has likely begun20 year triangle break on SGDUSD, not a whole lot I need to say about this. I think the next 10-year trend starts now with limited downside for USD sellers. I don't think it will take 10 years to get to 0.88, I think it can happen in 3 years or less.
USDSGD BUYHi, studying the graph I identified the entry point, highlighted by the yellow circle.
If the price bounces off the resistance and reaches the yellow circle level, then following the BLUE arrow, I will enter with a BUY.
I plotted TP and SL on the graph.
RISK/REWARD set at 1:4.
Further updates coming soon.
USDSGD POTENTIAL LONG TRADE (medium term) 1-3 weeksHey everyone! Hope you have had an incredible weekend so far! Just wanted to come on here and post a potential mid-term swing opportunity here on USD VS SGD (SINGAPORE DOLLAR). So I posted analysis on this pair for a short a few weeks ago and now is coming into that TP.
When I'm looking at this pair I'm actually now seeing some potential upside on USDSGD. When looking at price, and the state of the trend, I see that there is still another potential 3rd push (I talk about this on an educational video on my page check it out) that may be left on this pair before the long term downward move I am expecting on this.
We can see price is coming into a daily/4H demand level, and can see price is somewhat now oversold on the hourly timeframes, giving me the bias that we may at least have a pullback so to speak opportunity here on this pair to the upside in the medium term. To keep it safe aim for the 1.36400 supply level area.
OK so let's see how price moves this week and if we see a shift of momentum from this demand to look for upside opportunity. That is the beautiful thing about trading, nothing should be forced, we let PRICE TELL US what it wants to do. Take that unnecessary weight of TRYING to tell the market what to do and just flow with the market with overall context, strategy, and good mindset!
Cheers! God Bless
UsdSgd H4 - 11.12.23In the price, which has begun to break the downward channel upwards, we might observe a minor decline alongside the pre-rise retracement of the DXY. Subsequently, with the data expected during the week, we anticipate a rapid ascent towards the 61.8% level.
Usdsgd still bearish bias Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week, i mentioned about USDSGD having to make more downwards movement (in my tradingview stream), this coming week i believe it would be the same considering the break of the support and currently just tested and seems rejecting it.
Let's see how it unfolds next week.
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Disclaimers:
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.
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