Get started

Singaporedollar

There is a possibility for second chance to buy in EURSGDTrading suggestion: If the Midterm level 1.5240 is broken, we will close open trades. Price may also reach 1.5240, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to our STRATEGY , and depends on personal strategies. Midterm forecast: While the price is above the support 1.5240, resumption of uptrend is expected. We make sure when the resistance at 1.5960 breaks. If the support at 1.5240 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.5240 is broken. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. A peak is formed in daily chart at 1.5545 on 04/20/2020, so more losses to support(s) 1.5365 and minimum to Major Support (1.5240) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trade Setup: Total Profit: 2678 pip Closed trade(s): 2385 pip Profit Open trade(s): 293 pip Profit Trade Setup: We opened 7 BUY trade(s) @ 1.5095 (day close price) based on 'Valley' at 2020.02.20. Closed Profit: TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit. TP2 @ 1.5240 touched at 2020.02.27 with 145 pip Profit. TP3 @ 1.5365 touched at 2020.02.28 with 270 pip Profit. TP4 @ 1.5570 touched at 2020.03.06 with 475 pip Profit. TP5 @ 1.5720 touched at 2020.03.09 with 625 pip Profit. TP6 @ 1.5900 touched at 2020.03.16 with 805 pip Profit. 65 + 145 + 270 + 475 + 625 + 805 = 2385 pip Open Profit: Profit for one trade is 1.5388(current price) - 1.5095(open price) = 293 pip 1 trade(s) still open, therefore total profit for open trade(s) is 293 x 1 = 293 pip
Long
by ForecastCity
20
Developing breakdownBreakdown is likely as we got DM breakdown qualifier 1 (prebreakout candle pullback - that green bullish weekly candle, then - the next bearish candle managed to close right on the trendline signifying strong bearish pressure. Current week's candle should be nice bearish breakdown candle). Intermediate target DM montly pivot. Ca. 53 pips. Long term target classic monthly S1. Top Absolute Correlation 1 SGDJPY - CADJPY 90.5% 2 SGDJPY - NZDJPY 87.3% 3 SGDJPY - SEKJPY 86.4% 4 SGDJPY - ZARJPY 85.6% 5 SGDJPY - AUDJPY 85.4% 6 SGDJPY - GBPCHF 84.6% 7 SGDJPY - JPN225 83.2% 8 SGDJPY - USDSGD -82.6% 9 SGDJPY - HK50.n 81.8% 10 SGDJPY - HK50 81.7%
Short
by ICFX
SGDJPY: Buy opportunity within the Bearish Megaphone.The pair is trading within a Bearish Megaphone on the 1W chart (RSI = 36.000, MACD = -0.990, ADX = 37.728) since the January 2018 High. At the moment it is consolidating below the 0.382 Fibonacci retracement level following the Lower Lowe made in early March. You can see that every Lower High made after a Lower Low, broke the 1W MA200 (orange trend line) and formed a top at least on the 0.618 Fibonacci retracement level from the previous (Lower) High. We are expecting a similar development. You may wait form the MACD bullish cross to confirm the movement. Our Target Zone is 78.500 - 79.500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
SGDHKD: Long term Buy opportunity on the 1W Support.The pair marginally broke the 1W Support but so far only on a candle wick. Since it has rebounded back above that danger level, we can consider that the Support is holding. The 1W chart has turned nearly oversold (RSI = 27.767, MACD = -0.073, ADX = 36.545) and we treat this as the optimal buy opportunity for the long term. The long term pattern is as you see a Descending Triangle and besides the 1W Support, the Lower Highs are also clear. The first time the price touched the 5.3350 1W Support in January 2016, it rebounded to the 0.5 Fibonacci level of its last Lower High. The 0.5 level is at the moment at 5.6650 and this is our Target. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
by InvestingScope