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SINGAPORE DOLLAR / U.S. DOLLAR

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SGDUSD trade ideas

USDSGD - 1D Chart Market Close 5th May (Close Trade) For my short USDSGD trade this will currently be the last post, as I have exited all my positions. As mentioned earlier just before NFP, I had closed out half the trades before NFP; and the other half I rode with NFP. After the data was released my TP1 at 1.3475 was reached and my trades were closed out and I will be not chasing another short opportunity as the risk reward ratio won't make sense, overall speaking this trade averaged out on over 140 pips gain for me. For those that want to know more as to why I entered the USGSGD trade , please see the below:
by Sorosnotsorrow
USDSGD 4H Chart - 3rd May awaiting NFPFollowing up from my previous post on the 21st of April This trade has progressed along my expectations, as indicated by the three orange circles, there were two retest and the one that's highest contained a bearish engulfing formation on the 4H chart , which also formed a lower high of 1.36596 in comparison to the high that was formed on 16th April of 1.36703 , which is indicated by the orange line in the graph. My stop loss of the previous high was not triggered and this trade currently is making money, I did reopen additional positions 1.36445 and 1.36447 due to the engulfing formation and with a tight stop loss going into FOMC meeting, I had more upside than downside. Now NFP is nearing , likely will take half profits first and ride the other half out with my final take profits not changing as stated in previous posts.
Short
by Sorosnotsorrow
2
USDSGD 2H Chart - 25th April 1st Retest done? wait break supportFor USDSGD The initial retest on breaking the triangle seems to have been completed. Price action seems to be still ranging between 1.3635 and 1.3595 from the start of the week till now, and the lower boundary as illustrated by the lilac box has been tested multiple times from the start of the week till now. My position remains same as before I am still short on USDSGD, if a clean break on 1.3595 happens it would no doubt strengthen my view, and my take profit levels remain the same TP1: 1.34746 TP2: 1.34142 For those that like my posts, please drop a boost and follow me, I'll likely be doing two updates a week, once mid week, and once on Sunday.
Short
by Sorosnotsorrow
USDSGD 1D Chart - 21st April So for USDSGD, an harmonic pattern has formed, with the top of 1.36720 being retested and forming a lower high of 1.36591. I have added another indicator on this chart and currently said indicator aligns with my outlook of shorting USDSGD. If we were to short this position we would be looking at: 1:2.64 ratio at the 0.382 profit level @1.34746 & 1:3.78 ratio at the 0.5 profit level @ 1.34142 Thus at market open I would be looking into shorting USDSGD
Short
by Sorosnotsorrow
USDSGD Still a buy but not for long.The USDSGD pair has been trading within a Channel Up pattern (blue) since the February 02 2023 Low but on December 28 2023 it posted a Lower Low, so we have to consider the possibility of an emerging (dotted) Channel Down. As a result, the trend remains bullish but technically we should be careful and only target the top of Channel Down at 1.37350 (symmetrical Bullish Leg at +4.49%). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Usd index still bullish with it, watching for more upsideTradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As mentioned in my streaming, i mentioned that usd has no major change in its price structure, likely more upside and bias to long for the majors. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
Expanded flat (ABC)SGD has been holding up relatively well compared to other Asian currencies (RMB, JPY, ringgit etc) against USD over the past few years. It is one of the strongest currency in Asia, but not for long. Based on my analysis, USDSGD is in the 1,2 formation of the white C wave as depicted in the chart. USDSGD is the midst of completing the C wave of an expanded flat (ABC) commencing from 1994. One characteristics of the C wave of an expanded flat(ABC) is it takes the longest time to complete among the three waves. As depicted in the chart, a 2.0 extension will target wave 3 of the impulsive wave at 1.84, a 1.618 extension will target wave 4 at 1.74 and a 2.618 extension will target wave 5 at 2.0. A 0.618 retracement of the red wave (A) is at 1.96 and a 1.618 extension of wave A of the "potential" expanded flat (ABC) will target wave C at 2.0 A confluence of the above three analysis all points to 2.0 as the end price for wave C. That's the beauty of Fibonacci and Elliott wave !!! The question now to ask is the wave 2 of the wave C completed ? Based on previous analysis on DXY, it should be. But then again, let the market do the talking !
Long
by brown_maverick
USDSGD POTENTIAL LONG OPPORTUNITYHey everyone hope you are having an incredible weekend so far!!! Just wanted to come on here and give a post for an opportunity I see coming up in the next couple weeks here on USDSGD! Just wanted to share some simple insight so you guys can hopefully grab some value and wisdom from this and maybe even have it be confirmation for something you were already seeing! So lets DIVE IN OK so when looking at USDSGD you can see recently something significant on the daily timeframe did appear. We had seen that price structure was making lower highs and lower low with price...showing a seller dominant market on this pair with strong seller momentum. WELL when looking at it now we can see that on the week of February 2nd prices ended up rising to create new highs on the daily. Rather than price continuing lower...which is a pivotal moment with price action displaying to us the shift to buyer dominance. SO with that information as our context/bigger picture and we zoom in to look at the momentum and potential zones to participate with this bias we can see that there is some strong demand in this upward move it had created that we could look for some nice opportunities from...making a HL and continuing into higher TF supply/structure zones. OK so when zooming in you can see my 4H chart I have the zone of demand marked off for you guys. If you are wondering why that area because if you look at the upper zones of strong demand, although reacted, didn't give a continuation from there...displaying it wasn't quite the right price (discount) for the bigger players to build and take orders from...so price continued downward. Now looking at price the 1H/4H demand zone I have marked is that next best spot giving us a strong momentum zone to look for trades to build from! Hope this all made sense! Love sharing with you all and if you like it as well please boost this post and follow my page for more accurate, simple & effective analysis! Cheers! God Bless!
Long
by JosePips