Hi, as you can see, there is a strong level on that level which I mentioned with the rectangular line, the price has been rejected couple time and may reject more and price will go down for the period of time after a while triangle broken. Good luck!
USDSGD is on a 1D Channel Up that has just priced (or nearly) a Higher Low (RSI = 52.669, ADX = 15.724, Highs/Lows = 0). This suggests that it is ready for a rebound-leg above the previous Higher High at 1.37500. Our long's TP is 1.38500.
The US Dollar has been trading in an ascending channel against the Singapore Dollar. This pattern began early in January and has since guided the pair towards a new 2018 high of 1.3480. The pair also breached the previous long-term pattern at the beginning of May. During the past three weeks, the US Dollar has been moving sideways, fluctuating between the...
If I'm going to buy this pair, then I'll want to see bull candles posted on the daily time frame around 1.33 and 1.30. If that happens, then I'll move to the 1H time frame and place buy limit orders around previous market levels.
I'll be looking for bear candles to post on the daily time frame. If that happens, then I'll go to the 1H time frame and place sell limit orders around previous market levels
Following a one-month period of consolidation from February to April, the USD/SGD exchange rate gathered momentum mid-April and shot up until 1.35 where it was located at the time of this analysis. If looking in the shorter term, the US Dollar failed to form a wave up last week. Thus, it seems that the previous bullish momentum has allayed which may point to a...
Price moved into a previous support, now turned resistance. I'll be looking for short signals on the daily time frame.
USD/SGD has been trading in a triangle-like formation since early 2018. Following a test of its lower boundary on March 27, the US Dollar has began a gradual recovery against its Singapore counterpart. The pair even breached a three-week trend-line around 1.3130 today. This factor suggests that it might be bound for a surge towards the upper triangle line in the...
The last time the USD/SGD pair was reviewed by the Dukascopy analysts, it was discovered that there is a medium term ascending channel guiding the Buck higher against the Singaporean currency. That pattern has remained intact and is best observed on the four hour timeframe chart. However, by switching to the hourly chart one can spot additional...
Price has made its move. Too late to short and too early to long. 1.305 would be an area that provides a low risk entry position Lets see if PA could bounce the 3rd time there. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets...
NZD/JPY has been confined by a long-term channel against since November, 2016. Its trading range, however, has diminished substantially during the previous month. As a result, the pair has formed a wedge-like formation (dashed lines) which was drawn from two opposing trend-lines. Its bottom line was tested last week when the Kiwi reversed from the 1.3080 mark. It...
We are in a clear bearish market and going down since around 1year The last weeks we can see a correction in direction of a previous s/r zone which was respected several times before price was able to break it down + extra confluence by a trendline with several touches. Now again we have 2 scenarios which could happen here. 1) Price respects the s/r zone + the...
USD seems to be weak in the upcoming year. To new traders looking at which currency to deposit into your broker, seems like SGD is good. So long as 1.36 holds, It should go down lower. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities...
USD/SGD is one of the slow moving pairs, whose review needs to be done by looking at the longer term. In general the daily chart reveals that the pair has been declining for a very long period of time. However, recently the pair encountered a support level, which might mark a change. A channel up pattern of the same size as the previously active channel down...
USD/SGD is being dominated by several channels, the most important of which in the short term are three. The US Dollar bounced off the upper boundaries of the two most senior channels on October 27 and subsequently began trading lower. Its bottom boundary was tested a month later near the 1.3440 mark. The pair has since recovered some of its lost positions and...
USD/SGD has been trading in a channel up since late August. This formation began when the rate reached a 2017 low at 1.3357 on September 8; the US Dollar has since moved up to the 1.36 mark. Another notable pattern that can be distinguished is a descending triangle. During its last wave down from the channel, the US Dollar was diminishing its trading range, but...
USDSGD broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bull candle gives me enough reason to believe an up trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These trades...
The US Dollar recently broke a massive scale descending channel pattern against the Singapore Dollar. The breaking of the massive scale pattern occurred in a channel up pattern, which is likely the first move in the revelation of a new massive pattern. Meanwhile, the currency exchange rate has made a rebound and revealed an ascending channel pattern in the...