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AUD/SGD

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AUDSGD trade ideas

Aussie sinks against the Singapore dollar againThe Australian dollar initially tried to rally on Monday but continues to sink against the Singapore dollar. This is essentially a “risk off” trade, as the Singapore dollar is basically the “Swiss franc of Asia.” With that being the case, this shows that risk appetite is struggling, at least when it comes to all things Asian. That’s not a huge surprise, considering that the US/China trade war is starting to put up horrific economic figures in mainland China itself. Now that we have broken through what could have been the bottom of a falling wedge, we now find ourselves below the 0.94 handle. That is a bearish sign, especially considering that the 61.8% Fibonacci retracement level is just above current trading as well. Now that we have broken through it, it’s very likely that we could wipe out the entirety of the move, or at least make a significant turn towards more bearishness. At this point, it’s obvious that rallies will continue to be selling opportunities, as the 0.95 level should be thought of as a significant barrier, one that probably will be broken anytime soon. If we were to break above the 0.95 level, at that point the trend would change. However, at this point it looks very unlikely that rallies will offer anything but selling opportunities. The Australian dollar will continue to suffer as long as the US/China trade wars continue, and therefore this downward trend should continue. Money flows away from commodities and into fixed income and stability of banking services such as we see in Singapore. This trade continues to work, and therefore signs of exhaustion continue to be opportunities for entries into what has been extraordinarily reliable trend. At this point, there’s no sign of a rebound but if we see the US and China come to terms, this pair will shoot straight back up in the air.
Short
by Forex4you
AUDSGD - Aussie is going to tank to 70c SGDThe big trade everyone is talking about at the moment is the AUDCAD but I think this could be a nice little winner. I love finding odd inflection points which to hang my trend lines off because when they’re right you can predict things out by years. So using the same method to draw a trend line that my poorly drawn red circles give me, the pink ones paint a gruesome picture. If the current green trend line holds and the price cant keep above it expect the AUD to collapse against the SGD. The failure of the 20 to cross the 50 backs this up, plus to woeful state of the Aussie economy backs this up on the macro side. If you couldn’t guess the yellow circle is my target.
Short
by MadButcherWA
AUDSGD 4h AutoUFOs™ Trade Alert! 17 Apr 2019Execution: Buy Limit @ 0.9685 Protective Stop Loss @ 0.9660 Take Profit @ 0.9760 Rationale: Buy Un-Filled Orders (Green UFO) available in the 4h time-frame Sell Un-Filled Orders (Red UFO) further above allowing for the current trend to continue developing Boosting Options: Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
Long
by UnknownUnicorn3937504
AUDSGD 4h AutoUFOs™ Trade Alert! 17 Apr 2019Execution: Buy Limit @ 0.9685 Protective Stop Loss @ 0.9660 Take Profit @ 0.9760 Rationale: Buy Un-Filled Orders (Green UFO ) available in the 4h time-frame Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing Boosting Options: Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
Long
by traddictiv