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AUD/SGD

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AUDSGD trade ideas

AUDSGD (1D): Double 'Double Bottoms'?AUDSGD Timeframe: 1D Direction: Long Confluences for Trade: - Bearish candle formation (Pin bar formation) - Slowing in weakening momentum - A rough Elliot Wave count should have current price levels completed a Wave 3 and may head upwards to do a Wave 4. - Double bottom formed recently - A second double bottom may form, look out for it's formation at 0.9720 (Previous bottom for this formed in 2016) Suggested Trade: Entry @ Area of Interest 0.9660 - 0.9720 SL: 0.9660 TP: 1.0160 RR: Approx. 2.33 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst
AUD/SGD 1H Chart: Strong support foundUpside risks dominated the AUD/SGD currency pair, thus sending the Australian Dollar 0.92% higher against the Singapore Dollar. This gradual increase in price began at the beginning of October when the rate reversed from the bottom boundary of falling wedge. If looking at the pair's current movement, it has breached the 55-, 100– and 200-hour SMAs on the 1H time frame. Thus, it is expected that these lines help to support the rate, thus leading to further advance. However, technical indicators for the 1D and 1W suggest that bearish momentum might occur soon. It is unlikely that the pair falls below the monthly S1 at 0.9971.
by UnknownUnicorn890690
Bullish view on AUDSGDThis currency pair is in a downtrend for a few years, but now we see an opportunity to profit on the rise. We expect AUDSGD to go up at least 100 pips, but maybe more. If you look at monthly/weekly timeframe, there is a strong support which withstood the pressure and now the market is going back up. AUDSGD is currently creating a formation double bottom (with small false-break) after we expect it to go to at least 0.985 and another profit target is 0.994. This bullish setup is also supported with divergence. Overall, all currency pairs with Australian Dollar looks bullish, so Australian Dollar should be strong in a next few weeks.
Long
by AtlantisCapitalGroup
AUD/SGD - 100 Pips+ Short OpportunityAs long as the 50 ema on the 3 hour timeframe holds as resistence, this move is active. As soon as the current support line is broken, we can expect this to fall At the moment being, it is looking more prominent to fall down as it's been in a consolidation for a few days and the long term trend is still bearish (daily and weekly). If it does make a pullback up, then we can long it 100 pips by planning our entry on the shorter timeframe. Trade safe and don't forget to like if this was helpful! Thanks.
Short
by MoolahMaker
AUDSGD - Good time for accumulation?We have a few confluences on the AUDSGD pair at the moment - RSI is showing a divergence; Price is losing momentum to the downside; We have a completed Bat pattern; and Price has completed a ABC structure. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Long
by KarYong
AUD/SGD 1H Chart: Triangle patternThe Australian Dollar has been depreciating gradually against the Singapore Dollar since the middle of August. This movement has been bounded in a descending triangle. Assuming that this pattern is to hold intact for a couple of sessions, the Australian Dollar should gain momentum and aim for its upper line located near 1.0000. Then, most likely a breakout south should occur. From a theoretical point of view, this breakout should be followed by a surge, at least in the short term. The nearest downside target is the monthly S3 at the 0.9914 mark.
by UnknownUnicorn890690