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SGDJPY

A Great Weekly Forecast and Technical Analysis for SGDJPYMidterm forecast: 78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 77.10 on 10/03/2019, so more gains to resistance(s) 79.75, 80.85, 81.65 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 68. Trading suggestion: By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Long
by ForecastCity
2
A Great Weekly Forecast and Technical Analysis for SGDJPYMidterm forecast: 78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 77.10 on 10/03/2019, so more gains to resistance(s) 79.75, 80.85, 81.65 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 65. Trading suggestion: By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Long
by ForecastCity
8
Possible SGD/JPY Short Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-4 Days A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 77.40 C - Fundamentals that may affect the pair USD Retails sales on the 16th Oct @ 22:30 AEST D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 77.400 Target 2 @ .... Risk/Reward @ 3.5.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Japese Yen (JPY) Demolition? Time for Singapore Dollar (SGD)?Couldn't pass this guys! But I think JPY's time as a "safe haven" currency is over. I'm yet to learn of the underlying fundamentals but there are a lot of pluses in the monthly chart. And they are rare! Since the monthly chart is king, I'll take the cues from the double bar bull reversal pattern clear in the monthly chart and call for SGD LONGs in the daily and 4-Hour charts. What's more, September's bull bar was below the lower BB meaning there was a degree of under-valuation. Therefore, as the market seeks for equilibrium, it is likely that prices will rally to 83 or higher by Q1 2020. It's a long hold but you will be earning positive swaps, so no big deal!
Long
by Kipyegonn
Possible SGD/JPY Short Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12 Hours Actions on - A – Activating Event Market will meet resistance in zone @ 79.5 - .... and fall to the 79.15. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 79.15 FX:SGD/JPY Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 79.15 Target 2 @ .... Risk/Reward @ 2.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Possible SGD/JPY short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @82.800 - .... and fall to the 81.200. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 81.200 OANDA:SGDJPY Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 81.200 Target 2 @ .... Risk/Reward @ 5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
SGDJPY Forex Cross Pairs dropping with new supply levelsSGDJPY Forex Cross Pairs dropping with new supply levels imbalances being created. Weekly supply level around 82.27 has gained control, price is reacting to it creating weekly bearish engulfing patterns and new daily supply level around 82.48. That last daily supply imbalance has taken control a few days ago and had price drop very sharply from it. New supply levels are being created on lower timeframes, no longs are allowed on this SGDJPY Forex cross pair with daily and weekly supply imbalances in control. No need to use any lagging indicators, volume analysis or take into account fundamentals or earnings releases, we trade only supply and demand imbalances using a predefined mechanical set of rules.
Short
by AlfonsoMoreno
Possible Short position SGD/JPYSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @80.300 level and move towards the first Target 1 level @ 79.750 FX:EURCAD Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting for confirmation. Target 1 @79.750 Risk/Reward @ 2:21 Happy trading. Will let you know closer to the time if or when executed:) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
SGD/JPY 1H Chart: Two scenarios likelyThe SGD/JPY currency pair has been trying to surpass the resistance level—the Fibonacci 50.00% retracement at the 83.00 mark. Two scenarios likely. If given resistance level does not hold, it is likely that the exchange rate go upwards to re-test the upper boundary of a long-term ascending channel located circa 83.45. Important level to look out for is the monthly R1 at 83.16. Otherwise, a reversal south might occur in the nearest future. A potential downside target is the Fibonacci 38.20% retracement at 80.72.
by UnknownUnicorn890690
Possible Short Position SGD/JPYSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @82.37 level and move towards the first Target 1 level @ 82.00 level. FOREXCOM:SGDJPY Trade Management Entered @ Still waiting for confirmation. Stop Loss @ Still waiting for confirmation. Target 1 @82.00 Risk/Reward @ 2:1 Happy trading. Will let you know closer to the time if or when executed:) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
SGD/JPY 1H Chart: Short-term decline expectedDownside risks prevailed in the market, thus sending the Singapore Dollar 2.60% lower against the Japanese Yen. Given that the pair is pressured by the 200-period SMA (4H) at 81.96, the general direction is expected to remain south within the scope of the next week. Two important levels to look out for are the monthly S1 at 81.24 and the Fibonacci 39.80% retracement at 80.61. However, this decline might not be immediate, as some upside pressure is likely to push the exchange rate up to the the weekly R1 at 81.86.
by UnknownUnicorn890690
SGDJPY :Will it goes higher or lower?Did this out of a favour of a friend who is going to Japan, well can this work? Of course, it does. Not only the knowledge of analysing the chart can be used on trading, but it also can be used on our daily lives, from when is a better time to do your exchange to when you make your online shopping purchase and even use a better time to pay your suppliers/ importing or exporting products for your business. So, my analysis goes, the breaking and closing above of the candle(while) on this chart(Daily Chart) is critical to make the decision if the exchange has to be made before 2 Nov. If the candle, break above and close above the box(white candle) the likelihood it will reach 82.51 is high, if not, this will be the good time to exchange. Let's see how the candle close today and I will update the group tomorrow. Subscribe to our channel or source of this information to find out more.
Long
by RaynLim