The US Dollar was trading in two patterns simultaneously, namely, a channel down valid since early October and a week-long ascending wedge. As apparent on the chart, the latter prevailed when the rate breached the upper channel boundary early on Friday. In general, ascending wedge is a bearish pattern that should eventually push the rate lower. Thus, it is...
Although the US Dollar recently rebounded against the Singapore Dollar, the currency pair is still set to decline in the long term. The reason for that is the fact that the pair is still trading simultaneously in two descending channel patterns. The most junior pattern shown on the chart was discovered only recently, and it is now providing the opportunity to...
I'm willing to take long positions on this on the smaller time frame trades. If the trend lines break, I will reconsider my strategy. Any comments on technical views or fundamentals are welcome in the comments. Thank you.
Down is the only way to go. Bearishness is still strong... Price will reach 1.36 in days to come. DO NOT LONG ! Trade with care..
Hello guys. Here is a trade for usd/sgd. I have put in all description in the chart.
Usd-Sgd Sell Pin Bar Setup at Trendline confluence and EMA confluence
I am still bearish on this so long as 1.435 zone holds. Short position still in place.
a pretty bearish chart shown here looking to take a short at the trench about patiently waiting for price to retrace back. key resistance - 1.435 zone
Key neckline breakout. The low of wave 4 is probably seen by now, and will not move much lower. (previously 1.28 was still possible) Q3 exports was down a massive 4.9%. Trump presidency that will render the current Transpafic Partnership (TPP) under discussion obsolete. Increasing competition from regional ports (such as iskandar malaysia), and China's...
looking for a short after confirmed break of the trendline/channel
lets see if we can get a short entry after trendline and little ressistance zone break.. without confirmation its just gambling... Kenny Rogers will agree with me ;-)
Investors flee the riskier Singaporean Dollar for the "safer" United States Dollar.
With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements. The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon. As for the chart, a HS Pattern upon completion with the daily trend AND...
LONG TERM POSITION. DOLLAR GAINING STRENGTH ACROSS THE BOARD. DAILY CLOSE ABOVE KEY RESISTANCE AT THE MOST RECENT LOWER HIGH FROM THE DOWNTREND. WE ALSO MADE A HIGHER LOW RECENTLY AND HAD OR LONG TERM MA'S CROSS. LOOKING FOR A SLIGHT RETEST AND ENTRY. TARGET 1 = 1.3765 TARGET 2 = 1.3910
It is necessary to wait for breaking one of these lines SELL OR BUY LINE. And then enter the market
USD/SGD Confluence: 1. 50/60 - 200/250 EMA Crossover in January 2015 indicated a major transition in market sentiment. 2. Measuring the entire symmetrical triangle breakout leg from Summer 2014 to the highs at 1.39 which marked the end of the Quarter 1 of 2015, we can see the .5 - .618 Fibonacci retracement lies at 1.32- 1.30 3. 1.32 was the peak of the...