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USDSGD

Chance for a USDSGD longI see a quite significant weakening of this momentary downtrend on USDSGD, as the indicator shows us, reason for which I believe a long entry could be seen in the next weeks. I'd like to split this trade into two: a medium term one and a long term one. The first one has a 4.00 Risk/Reward ratio which is not bad to me, instead the second one has a more than 3 ratio because I decided to go for a wide stop loss for the great opportunity this pair can give us. Btw that's up to you, if you want to have a safer stop loss in case it doesn't go as planned or if you want/can risk a lil bit more. Let me know what you think with a comment below and a like. Thank you!
Long
by fx_clips
Don't miss the great buy opportunity in USDSGDMidterm forecast: . While the price is above the support 1.3430, beginning of uptrend is expected. . We make sure when the resistance at 1.3754 breaks. . If the support at 1.3430 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. . A peak is formed in daily chart at 1.3985 on 06/22/2020, so more losses to support(s) 1.3550 and minimum to Major Support (1.3430) 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 50. Take Profits: TP1= @1.3754 TP2= @1.3885 TP3= @1.4035 TP4= @1.4270 TP5= @1.4635 TP6 Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6
Don't miss the great buy opportunity in USDSGDMidterm forecast: . While the price is above the support 1.3430, beginning of uptrend is expected. . We make sure when the resistance at 1.3754 breaks. . If the support at 1.3430 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. . A peak is formed in daily chart at 1.3985 on 06/22/2020, so more losses to support(s) 1.3550 and minimum to Major Support (1.3430) 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 50. Take Profits: TP1= @1.3754 TP2= @1.3885 TP3= @1.4035 TP4= @1.4270 TP5= @1.4635 TP6 Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6
The weak economic projections for the Singaporean economyThe weak economic projections for the Singaporean economy are very detrimental to the country’s beloved currency. Prices of the US dollar to Singaporean dollar exchange rate are bound to go up to their support level thanks to the recent reports about Singapore’s economy which cast a massive cloud of gloom in the country. Most experts say that Singapore’s economy is expected to shrink drastically in the third quarter of the year thanks to the coronavirus pandemic. The economic contraction in Singapore is said to be the country’s worst quarterly contraction in history according to the Singapore Department of Statistics. Meanwhile, the US dollar might finally see positive waters in the coming weeks as the US economy records better signs amidst the chaos faced by the country. The upbeat US jobs report last week was the main factor why the dollar gained as it eased the hopes of new stimulus measures from the government.
Long
by Financebroker
Don't miss the great buy opportunity in USDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.367). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDSGD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. Take Profits: TP1= @ 1.3786 TP2= @ 1.3916 TP3= @ 1.4087 TP4= @ 1.4260 TP5= @ 1.4547 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
10
Don't miss the great buy opportunity in USDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.367). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDSGD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. Take Profits: TP1= @ 1.3786 TP2= @ 1.3916 TP3= @ 1.4087 TP4= @ 1.4260 TP5= @ 1.4547 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
21