Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Pattern: Neutral trading between support and resistance levels. Signal: Bearish after the formation of a Double Top. Target: 0.94400.
The Australian dollar continues to fall against the Singapore dollar as we have developed a reasonably reliable downtrend channel. This makes a lot of sense, because the Singapore dollar is quite often used as a bit of a safety currency in Asia, while the Australian dollar is so highly levered to the Chinese mainland. At this point, you can see that the 50 day...
Hi there. Price is at the top of the pattern completing B wave. We expect one more move down to confirm the C wave. Watch strong price action for sell.
The previous TP = 0.99691 was hit as the 1W Channel Down (RSI = 33.366, MACD = -0.011, Highs/Lows = -0.0118) even tested our maximum (at the time) downside spot of 0.97295. A new Channel Down on 1D was developed (RSI = 37.323) that is aiming at a near 0.9555 Lower Low. Short, TP = 0.96100.
Upside risks dominated the AUD/SGD currency pair, thus sending the Australian Dollar 0.92% higher against the Singapore Dollar. This gradual increase in price began at the beginning of October when the rate reversed from the bottom boundary of falling wedge. If looking at the pair's current movement, it has breached the 55-, 100– and 200-hour SMAs on the 1H...
We have a few confluences on the AUDSGD pair at the moment - RSI is showing a divergence; Price is losing momentum to the downside; We have a completed Bat pattern; and Price has completed a ABC structure. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very...
The Australian Dollar has been depreciating gradually against the Singapore Dollar since the middle of August. This movement has been bounded in a descending triangle. Assuming that this pattern is to hold intact for a couple of sessions, the Australian Dollar should gain momentum and aim for its upper line located near 1.0000. Then, most likely a breakout south...
AUDSGD is trading near a Lower High on the 1W Channel Down (RSI = 43.936, MACD = -0.009, B/BP = -0.0054). 1D remains neutral (RSI, STOCH, ADX) and bullish on Highs/Lows = 0.0017 as the price is trading above the intermediate line (blue dots). This suggests that on the long term the downside gap is sizable. Our short TP is 0.99691.
After testing the senior channel near 0.9970 early in May, the Aussie gained momentum against the Singapore Dollar and began moving higher in an ascending channel. This move has been gradual with the pair being located near the 1.02 mark at the time of this analysis. It is expected that the pair continues to approach the upper boundary of the senior channel...
If we do reverse at this point, we are definitely going for a higher high. We do not have a divergence on the two tops. If that is the case, the drop was a correction and we are getting ready for upside. We have divergence on the two lows however the last piece is not finished yet. Get in the buy with small risk 50 pips below low
AUD/SGD continues to trade in a long-term descending channel. The pair, however, has diminished its trading range, as it failed to overcome the 1.06 mark late in January. The Aussie has been since edging lower in a junior channel and was consolidating near 1.0124 at the time of this analysis. This level is a 2017/2018 low. The pair trading sideways for the last...
The Australian Dollar was trading in a channel up against the Singapore Dollar for two months. During the last week, the Aussie failed to reach its upper boundary several times —a move which was followed by a soon breakout near the 1.0503 mark. At the time of the analysis, the pair was trading near 1.0500. In case it succeeds ate reversing to the upside from...
The Australian Dollar was stranded in a six-month channel down against the Singapore Dollar prior to breaching this pattern early January. This breakout occurred after the pair reached the 2017 low of 1.0142 on December 7. As a result, it has since managed to recover some of the previous losses and return at mid-October level. The Aussie has diminished its...
The Australian Dollar has appreciated against the Singapore Dollar during the past three weeks. This movement upwards has sent the pair closer to the upper boundary of a long-term channel down. If looking in the short term, the latest up-wave has been stranded in an ascending wedge. The Aussie has, however, remained near its northern boundary for several trading...
AUD/SGD has been dominated by a flat descending channel since late September, 2016. The pair’s last wave down in this pattern has been stranded in two additional channels. As apparent on the hourly chart, the Aussie still falls short from the bottom boundary of the senior channel near 1.0160; thus, there is still some downside potential. The monthly S2 at...
The Aussie is trading in three channels simultaneously against the Singapore Dollar. The senior channel is more clearly apparent on the daily chart as it was formed mid-2015. Meanwhile, the medium-term descending channel has guided the pair towards the bottom line of the long-term channel during the past two months. The Aussie was trading in a wave down since...