SGDJPY CUP & HANDLE PATTERN SGDJPY has formed a Cup & Handle Pattern on its daily chart.
The price has double bottom 103.682 forming a handle low and the price has broken above the Breakout: 106.292.
ST: 104.903
Target1
62%: 112.282-79%: 113.948
JPYSGD trade ideas
SGDJPY - Short retracementPossible Short-term retracement from bull trend. Wait for confirmation of trendline break
Keep it Easy SGDJPY long will make new record HighsIn Singapore a slight majority of analysts expected a 6th consecutive tightening move by MAS in order to tackle inflation, so the pause along with the conservative MAS statement on the inflation outlook saw a weakening of the S$.
- Gold extended gains amid USD weakness; The US dollar index is testing one year lows at 100.78 during the morning.
- Nikkei outperforms on results from big component Fast Retailing.
But vs JPY nearly every currency is making higher highs. As trader,I focus just on technicals.
Higher Highs Higher Lows!
Trend is bllish!
SG Dollar to Yen forecast by day.
Date Weekday Min Max Rate
04/07 Tuesday 105.82 109.04 107.43
05/07 Wednesday 105.85 109.07 107.46
06/07 Thursday 105.83 109.05 107.44
07/07 Friday 105.79 109.01 107.40
10/07 Monday 106.55 109.79 108.17
11/07 Tuesday 106.30 109.54 107.92
12/07 Wednesday 106.16 109.40 107.78
13/07 Thursday 106.72 109.98 108.35
14/07 Friday 107.35 110.61 108.98
17/07 Monday 106.71 109.97 108.34
18/07 Tuesday 106.46 109.70 108.08
19/07 Wednesday 107.64 110.92 109.28
20/07 Thursday 108.22 111.52 109.87
21/07 Friday 108.14 111.44 109.79
24/07 Monday 108.73 112.05 110.39
25/07 Tuesday 108.90 112.22 110.56
26/07 Wednesday 109.20 112.52 110.86
27/07 Thursday 108.72 112.04 110.38
28/07 Friday 109.09 112.41 110.75
31/07 Monday 109.21 112.53 110.87
01/08 Tuesday 108.95 112.27 110.61
02/08 Wednesday 109.68 113.02 111.35
03/08 Thursday 109.66 113.00 111.33
04/08 Friday 109.13 112.45 110.79
✨ NEW: SGDJPY (3W) ✨ SWING TRADE ✨-SL @ 107.10 🚫
SSO1 @ 106.25 ⏳
SSO2 @ 103.88 ⏳
TP1 @ 95.78 (shaving)
MP @ 90.45 (shaving)
TP2 @ 90.45 (shaving)
TP3 @ 86.52 (closing ALL Sell Orders)
BLO1 @ 79.00 ⏳
BLO2 @ 75.46 ⏳
-SL @ 73.80 🚫
SGDJPY ____ SHORT-TERM BEARISH MOVEHey Guys,
Just like EURJPY (inserted below) SGDJPY is going to give a short-term retracement as shown in my chart before the bullish rally continues.
Follow for more.
Cheers,
David
sgd/jpy ⇌ longtechnical
monthly ⇌ support test ⇌ bullish
weekly ⇌ support test ⇌ bullish
daily ⇌ ici pattern ⇌ bullish
fundamental
cot data shows that the major speculators are bearish on jpy so the move to the upside can be expected
sgd/jpy ⇌ long technical
monthly ⇌ support test ⇌ bullish
weekly ⇌ support test ⇌ bullish
daily ⇌ m pattern ⇌ bullish
fundamental
cot data shows that the major speculators are bearish on jpy so the move to the upside can be expected
SGDJPY LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
SGDJPY INVERSE CUP & HANDLE PATTERNIts showing inverse cup and handle pattern so we set sell stop according to trade plan given below
Inverse Cup & handle
Entry Price/Sell Stop: 97.572
Stop Loss: 98.388
TP1: 96.705
TP2:95.889
Risk Reward: 1:1
SGDJPY SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
SGDJPY LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
SGDJPY LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
SGDJPY SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
SGDJPY LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
SGDJPY SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
SGDJPY LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
SGDJPY LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
SGDJPY SHORTPossible bearish movement of the pair. The price is currently in a trading zone with significant volume , with rejections at the top of the price right at the 55 period EMA , which is essential in my strategy for analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the attached ADX indicator entering below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher as it bounced towards the 55 period EMA , to continue falling as the moves have indicated. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and it makes a range, it will be better to close the operation in case it is possible.
SGDJPY LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
SGD/JPY shortTrend reversal, we did reach out to the trend line where we get rejected. Bearish divergence on weekly w RSI.
🟢 SGDJPY - 4H (09.11.2022)🟢 SGDJPY
TF: 4H
Side: Long
SL: ¥103.727
Entry: ¥104.02
TP 1: ¥104.254
TP 2: ¥104.471
TP 3: ¥104.740
SGD is gaining strength as JPY is going through correction.
SGDJPY SHORT | ASSIGNMENT | WEEK 5SGDJPY is going short at the resistance because of the formation of bearish candles and also the current candle seems like making another bearish candle.
sgd/jpy short dailly timeframehey and good luck for everyone
divergence in daily timeframe
first target is 100.500
and maybe 95.600
