USDSGDWhen you know what you are looking at, when you use the right analysis skills, you can forecast the market movement even when every trader is looking it as a bearish market.
SGDUSD trade ideas
USDSGD - A REVERSAL IN PLAY - IS THIS NEW DOWNTREND?20220508 - 2302H: Weekly prints a doji after bouncing off from DKL @1.3900, while Daily Chart displays a double top with an inverse hammer. Possible reversal in progress. However, EMA displays an uptrend on all time frame. Will await a retest on DKL or a valid HiMAC Sell setup.
20220516 - 2215H: Setup is no longer valid. There is a good possibility of price entering back into channel as H4 prints a short term down trend/cyclicity.
20220517 - 1705H - With Daily Chart presenting a bearish hammer, and price entering the channel, the potential downtrend may proceed as anticipated. H1 chart shows price have shifted below our tolerence level, thus will be expecting a good pull back to retest DKL @1.39 which will be converging with SMA200 and the EMAs. This provide a good confluence of trade groups jumping in for a SELL Trade.
Bias: SELL
The future of the almighty dollar Analysis showing 38 percent corrective, Singapore dollar maintaining strength.
USDSGD 23rd MAY 2022The upward trend in inflation has prompted the US central bank to tighten monetary policy dramatically. The US benchmark interest rate, which was originally expected to rise by around 75 basis points (bps) in 2022, has drastically changed to 175 bps. For the record, the increase in the US benchmark interest rate has increased by 75 bps. An increase of 25 bps occurred in March 2022 and then rose again by 50 bps in May. This will make the dollar strengthen for the next few weeks.
Singapore’s Ministry of Home Affairs (MHA) said the following day that Somad has been known to preach "extremist and segregationist" teachings, which are "unacceptable in Singapore’s multi-racial and multi-religious society". Supporters of Indonesian preacher Abdul Somad Batubara staged protests in Jakarta and Medan, North Sumatra. Several of them held placards that read "Boycott Singapore products" As is known, Indonesia is one of Singapore's largest export markets.
USDSGD: Bullish Trend ContinuationFundamentals :
The USD continues its bullish trajectory. The SGD has weakened 0.5% already this year against the greenback.
Technical :
The USDSGD chart looks trendy.
Retracement to the 50% fib
ADX is trending
+Di has bullish pressure.
Long USDSGD
USDSGD Bullish trend analysisUSDSGD looks good to the upside. If we can get a retracement back to the 1.3896 - 1.3867 area, that would set up a good zone for entries. Let's wait patiently this week to see what price will give us.
BUY Signals tranding incomingUSD/SGD has crossover booster zone goes down for loading bullrish then we can long on that position. Will be great SGD
USDSGDDaily zone
Looking for sells
Got a break of structure
and showed a candle conformations
Will be waiting for a entry after NFP
Short USDSGD [25/Apr/2022]
Price hit the weekly SBR zone and retraces significantly.
BOS on M15
Entry: 1.3745
SL: 1.378
TP: 1.3645
USDSGD Trading The Bullish SequenceIn this update we review the recent price action in USDSGD and identify the next Hugh probability trading patterns and price objectives to target
Potential Bearish Shark EntryWe have a MACD bearish crossing up here after testing the PCZ a few times and getting rejected.
USDSGD buying and selling strategyExecution of bullish strategy till the completion of the BAT pattern, with buying at 1.365. After that, execution of plan B for short selling. Candle sticks and bearish BAT pattern indicates the possibility of selling, with stop loss at 1.368. The given buying and selling price values are for a risk reward ratio of 1:1 and a lot size of 0.1.
USDSGD 04/04/2022Monthly:
-Monthly highs.
-Impulse and correction pattern. Expecting another impulse.
Weekly:
-H&S pattern.
-Weekly bearish candle.
Daily:
-Bearish W pattern.
-H&S pattern (IC).
4H:
-H&S pattern.
USDSGD 04/04/2022Monthly:
- H&S
- S&D Zone
Weekly:
- H&S
- Bearish W
Daily:
- H&S
- Bearish W
- IC
4H:
- H&S
USDSDGHi traders:singapore dollar shaped short time sell and i set my entry after the correction compeleted,
W7-11 _ Short Term Bearish Idea _ USDSGD H4The price action has created a new LL.
Therefore I expect a pullback, creating a new LH and further continuation down.
Take Profit: 1.36933 (USDSGD)Price closed above diagonal resistance. Diagonal resistance becomes support after price closed above level.
USDSGD on watchLook for break down or a bounce here. For break below, 1.351 should offer some support
USDSGD : Anticipation for next weekDaily did a liquidity sweep and created an OB+
We are now waiting on H1 for this bullish OB to be retested to give us an H1 bullish trade.
GLGT
USDSGD | Bounce from SupportUSDSGD has bounce from the support zone and bulls are all ready to peak the price again. One should adop buy on dip strategy as long as it is above the support zone. Break of which would result in bearish trend.
Trade your levels accordingly.
