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Euro vs Singapore Dollar

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EURSGD trade ideas

EURSGD Trading Signal: SellTraders, we have identified a promising opportunity in the EURSGD currency pair. Direction: Sell Enter Price: 1.44119 Take Profit: 1.43900333 Stop Loss: 1.44277333 Justification: This signal is based on the analysis executed by the EASY Quantum Ai strategy. The following factors were taken into consideration: 1. Trend Analysis: Recent charts indicate a downtrend in the EURSGD pair, showing consistent lower highs and lower lows. 2. Moving Averages: A cross-over of short-term moving averages below long-term moving averages confirms bearish momentum. 3. Resistance Levels: EURSGD has faced strong resistance near the enter price, 1.44119, suggesting it is less likely to see an upward breakout in the short term. 4. Market Sentiment: Overall sentiment analysis points towards a bearish outlook owing to Eurozone's economic data contrasted with the stable performance of the Singaporean Dollar. This trade setup suggests selling at 1.44119, targeting a profit at 1.43900333 while placing a conservative stop loss at 1.44277333. As always, ensure you apply appropriate risk management strategies when entering this trade. Happy Trading!
Short
by ForexRobotEasy
Exploring Long Positions in EUR/SGD: A Probabilistic ApproachThe Euro to Singapore Dollar (EUR/SGD) pair is showing potential for a bullish trend, supported by several key fundamentals. The European Central Bank's recent hawkish stance on monetary policy, coupled with expectations of further interest rate hikes, is strengthening the Euro against many currencies, including the Singapore Dollar. Additionally, the improving economic outlook in the Eurozone, with signs of resilience in manufacturing and services sectors, is contributing to the Euro's positive momentum. On the other hand, Singapore's export-dependent economy is facing headwinds due to global trade tensions and a slowdown in China, which may put pressure on the Singapore Dollar. I'm looking to capitalize on this bullish bias for EUR/SGD by utilizing probabilities to enter long positions. 12M: 1W: 1H: Please feel free to share your ideas.
Long
by Jasminex1x2
EURSGD - Making a Complete 180Similar structure to the AUDSGD trade idea I just published, but I have a few more points to add here. I was originally short this pair. I attempted to make another attempt to enter short and ended up taking out a loss. Since price broke to the upside of this range, my directional bias has changed from bearish to bullish. Momentum picked up nearing last Friday's close and the moving average crossover is an indication of potential price acceleration for the week ahead.
Long
by FinancialGamblR
EURSGD ____ INCOMING BULLISH RALLYHi Guys, I'm sure most of you are unfamiliar with this pair, however, this pair has some good price movement at play that could provide nice trading opportunities. We just had a bit of a sell-off for the past weeks as prices entered a strong weekly/monthly supply zone. This sell-off brings the price to a key daily demand zone of which the price is meant to cool off bearish steam. Looking at my chart, you will notice that price is currently sweeping sell-side liquidity and by the time this sweep has been satisfied, the bullish rally will begin. I expect the price to get into my POI (blue box) before I start looking for CHOCH from bearish to bullish. If you like this analysis, be sure to give me a like. Follow for more updates. Cheers, David
Long
by jabariofafrica
POTENTIAL SHORT TRADE SET UP FOR EURSGDPair: EURSGD Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections Directional Bias: Short Entry: Continuation Corrective Structure after the breakout. ⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly! #TheTradingAmbience 🙏🏽🙇🏽‍♀️
Short
by TheTradingAmbience