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Sgdjpylong

Fundamental Analysis of SGD/JPYThe Preliminary Japanese GDP for the second quarter decreased by 7.8% quarterly and by 27.8% annualized. Economists predicted a lower of seven.6% and 27.2% annualized. Foreign exchange merchants can evaluate this to the Japanese GDP for the primary quarter, which decreased by 0.6% quarterly and by 2.2% annualized. Preliminary Personal Consumption for the second quarter decreased by 8.2% quarterly, preliminary Capital Expenditure decreased by 1.50% quarterly, and preliminary Exterior Demand decreased by 3.0% quarterly. Economists predicted a lower of seven.1%, 4.2%, and three.2%. Foreign exchange merchants can evaluate this to Personal Consumption for the second quarter, which decreased by 0.8% quarterly, to Capital Expenditure, which elevated by 1.7% quarterly, and to Exterior Demand, which decreased by 0.2% quarterly. Closing Japanese Industrial Manufacturing for June elevated by 1.9% month-to-month and decreased by 18.2% annualized. Economists predicted a rise of two.7% and a lower of 17.7%. Foreign exchange merchants can evaluate this to Japanese Industrial Manufacturing for Could, which decreased by 8.9% month-to-month and by 26.3% annualized. Capability Utilization for June elevated by 6.2% month-to-month. Foreign exchange merchants can evaluate this to Capability Utilization for Could, which decreased by 11.6% month-to-month. The Singapore Commerce Steadiness for July was reported at $3.300B. Foreign exchange merchants can evaluate this to the Singapore Steadiness for June, reported at $4.990B. Non-Oil Exports for July elevated by 1.2% month-to-month and by 6.0% annualized. Foreign exchange merchants can evaluate this to Non-Oil Exports for June, which decreased by 1.4% month-to-month, and which elevated by 13.9% annualized. The forecast for the SGD/JPY stays bearish amid the widening Covid-19 pandemic, which retains safe-haven demand for a slowly rising development as soon as once more. As extra world financial knowledge is launched, the situation is worse than initially anticipated.
Short
by forexinworld
1
SGDJPY SWING LONGWith this pair having completed an impulse and correction on the weekly chart, we can look forward to the next swing leg in the market; which should be an ATTEMPT by the pair to create another impulse and a higher high on the weekly chart. On the daily chart, this pair has just broken (and closed) above previous resistance; thus presenting a good opportunity to enter a long on this pair. If we get a retracement to test this area (which also has a confluence of the daily 61.8% fib, taken from the low of the circled red candle), it should act as support for the pair, then we can be searching for entries on lower time frames while the pair is in and around the area.
Long
by Koyejo
SGDJPY 31/5/2020SGDJPY has been trading in a trading range between 74.5 and 76 since mid-April. It looks like it has created a massive inverse head and shoulders inside the range that completed last Friday. The target of the head and shoulder is around 78 but there are few resistant zones along the way that might pause or stop the price from reaching the price target. Those levels are good to take some profit off or hedge your long trade if you want to swing trade this setup. (I'm going to analyze the price action around those levels if and when the price gets there.) Considering the general weakness of JPY, I believe there is a good chance for this setup to work out and hit some of the targets.
Long
by Trader_Shayan
SGDJPY technically based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 SGDJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect higher recovery phase, candels foramtion strong bulish, expecting to see push up in price till top trend line. 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
by UnknownUnicorn3983388
2
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