SGDUSD trade ideas
Don't miss the great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.367). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDSGD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Take Profits:
TP1= @ 1.3786
TP2= @ 1.3916
TP3= @ 1.4087
TP4= @ 1.4260
TP5= @ 1.4547
SL= Break below S2
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Don't miss the great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.367). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDSGD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Take Profits:
TP1= @ 1.3786
TP2= @ 1.3916
TP3= @ 1.4087
TP4= @ 1.4260
TP5= @ 1.4547
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Looks short ish, bear flagUsdSgd looks kinda short ish at resistance because its forming a bear flag.
Adding to that is bearish divergence.
Short for me would be till first resistance that lines out with 50 fib.
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USDSGD pushing up towards 1.378. Support of 1.370 has been tested multiple times. A bullish engulfing candle might signal a upward trend up towards to 1.378 but its need to break resistance of 1.374.
Buying opportunity now with TP at 1.375, stop loss slightly below 1.370 at 1.369.
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