USDSGD trade ideas
USDSGD: ITF CURVE ANALYSIS (11H) - DOWNTREND✨ USDSGD: ITF CURVE ANALYSIS (11H) ✨ (DOWNTREND)
SLO2 @ 1.3517 ⏳
SLO1 @ 1.3435 - TRIGGERED
SSO @ 1.33573
TP1 @ 1.30517
TP2 @ 1.27948
TP3 @ 1.26056
TP4 @ 1.2500 (MAY CLOSE ALL ORDERS HERE-WILL WATCH PA ONCE TRIGGERED)
TP5 @ 1.23150
BLO1 @ 1.2485⏳(BASED ON HTF)
BLO1 @ 1.22432⏳(BASED ON ITF)
NOTE: ONCE PA BREAKS THROUGH THIS SUPPORT I'VE IDENTIFIED, I'LL USE CAUTION AFTER TP4 SINCE THE 5W IS SHOWING A DECENT DZ THAT PA COULD PLAY IN TO CREATE THE REVERSAL TO THE UPSIDE.
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BLO = BUY LIMIT ORDER
DZ = DEMAND ZONE
HTF = HIGH TIMEFRAME
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
USD/SGD Price Action: A Bearish Outlook EmergesYesterday, the USD/SGD currency pair rebounded at a supply zone around 1.34500, creating a bearish candle that has persisted into today. As I write this, the price is currently around 1.34195.
Analyzing the technical landscape, the latest Commitment of Traders (COT) report reveals that retail traders remain in long positions, while other market participants have adopted a more neutral stance without clear positioning. This scenario could allow the Singapore Dollar to capitalize on a potential retracement of the US Dollar, potentially enhancing its value.
Looking at historical trends, our forecasting data indicates that over the past decade, this period of the year has frequently seen bearish retracements for the USD against the Singapore Dollar. Given the prevailing market conditions, traders may want to consider positioning themselves for short opportunities.
As the market evolves, it is crucial to monitor price movements and broader economic trends closely to make well-informed trading decisions.
✅ Please share your thoughts about USD/SGD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
2025 - Not a year to visit USAIf the recent triumph win by Donald Trump is any guide, the strength in USD will continue and that means the SGD along with other Asian currencies will weaken.
That means, to exchange for one US dollar, we would need 1.338 Sing dollars as compared to using 1.28 SGD to exchange for 1 USD in Sept , 2 months ago...........
On a ground level, those who are buying from USA , moving from your Amazon to the bigger importers, this exchange rates is against us. If your buying is infrequent, then you may not bother too much.
How about travel ? The same thing - you would need to fork out more SGD to exchange for USD if the USD continues to strengthen against us.
Definitely bad for those who are sending kids to study in US as it involves a much larger sum of money.
So, you can invest in the USD to make some decent returns as well.
Please DYODD
USDSGD Time to sell this rally.The USDSGD pair has been rebounding non-stop since the September 27 bottom and yesterday broke above its 1D MA50 (blue trend-line) for the first time in more than 3 months (since July 04). This confirmed that the correction since July is over but with the 1D RSI above 60.00 and heading towards the overbought barrier (70.00), we expect a rejection there.
In fact, there was a similar fractal that was rejected on March 10 2023, on the correction's 0.382 Fibonacci retracement level a little after the 1D RSI turned overbought. This resulted into a test of the 0.618 Fib of the rebound Leg.
As a result, we are expecting a rejection on the 0.382 Fib or when the 1D RSI gets overbought above 70.00 and our Target is the 0.618 Fib at 1.29150.
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USDSGD 11/09/2024Weekly:
-Fib completion -27%
-Deceleration.
Daily:
-Inverse H&S pattern.
-IC.
4H:
-Bullish M pattern.
-Inverse H&S pattern.
-IC.
Short-term BuyOn the H1 chart, after breaking the short-term downward channel, the price may remain consolidated between the main channel and the short-term channel resistance for a while. Those seeking safer trades can wait for the main channel to break. On the other hand, risk-takers can enter long positions from current levels.
Our primary price target is the 38.2% Fibonacci retracement level. However, we might see a pullback from the 23.6% level before reaching this target.
Looking for Long Term Hold (3-6months) for return of 8RThis is on USD/SGD, we can see for the last 7-9 years we have corrected through from 1.30-1.40 most of the time. This is a repeated pattern. Unless the US Economy faces recession, it is definitely a very sane&save investment.
USD/SGD Long Idea @ previous support USD/SGD Long Idea
Current Level 1.30680
TP Level 1.33350 (2%) 50% fib retracement level
SL Level 1.30227 (-0.40%)
Hovering around previous support levels which has held since 2015. Area has been tested multiple times on the daily/weekly chart.
SL is fairly tight, if it breaks through it could keep falling.
Long term target is 1.34000
USD/SGD Approaches Key Demand Zone: Anticipating a ReboundUSD/SGD is steadily declining towards our identified Demand area around the 1.31128 level. At this juncture, we anticipate a potential price rebound that could present a promising opportunity for a long trade setup. Our analysis is rooted in a combination of Supply and Demand principles, which help us understand the underlying market forces, as well as a thorough review of the latest COT (Commitment of Traders) report, offering insights into the positioning of major market participants. By integrating these critical factors, we have strategically placed a Buy limit order, positioning ourselves to capitalize on a potential upward movement in the price from this key support zone.
✅ Please share your thoughts about USD/SGD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
USDSGD - Resistance becoming Support? Head&Shoulders necklineUSDSGD is exhibiting hints at a Reversal on the lower time frames with a volume blowoff during the last low pivot spike.
Currently price is at the neckline of a Head and Shoulders pattern which is a potential reversal pattern.
Important to watch price activity around the trendlines and the 200 MA for fake breaks and retests. Confirmation is required.
USDSGD - Long term Cycle trough reached?The SGD dollar has been strengthening since mid April and may be due for a reversion.
A rising Singapore dollar makes exports more expensive, (imports cheaper).
Currently, it has annual product exports of $323 billion and imports of $323 billion, giving it a neutral trade balance.
Price is currently approaching the lower edge of this cyclic range which may unbalance this neutrality if it exceeds it.
USDSGD - Bullish Price Divergence with Indicators USDSGD has been on a recent bearish run and many indicators are showing divergences on the shorter time frames.
It does seem to want to test the historical pivot low (1.31576) so could paint lower prices. Patience is required before entering on a confirmation of a bullish trend change/correction as there may be some false starts.
USDSGD LongIt's a long setup but not sure if bottom is in.
If price don't get rejected at 1.3282, then is could be heading for 1.3457.
Anyway, be cautious and do not get too excited trying to catch bottoms.
Opportunity to convert into USD US is expected to cut rates, bringing USD down. That said, we need USD to buy into the US market.
Levels to look out for is 1.305 and 1.32.
USDSGD Buy signal at the bottom of a Channel Down.The USDSGD pair has been trading within a Channel Down pattern since the April 16 2024 High and today almost touched its bottom (Lower Lows trend-line). That is a technical short-term buy opportunity towards its top (Lower Highs trend-line).
The previous Bullish Leg of the pattern registered a +1.31% rise. Our Target is slightly lower than a new potential rise of this magnitude at 1.35000.
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** 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. **
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USDSGD Trading Signal: Buy OpportunityDear Traders,
Based on our latest analysis, we have identified a promising buy opportunity for the USDSGD currency pair, utilizing the cutting-edge EASY Quantum Ai strategy.
Direction: Buy
Enter Price: 1.34332
Take Profit: 1.34506333
Stop Loss: 1.34123333
Justification for the Signal:
1. Technical Analysis: Our proprietary EASY Quantum Ai model has detected a bullish trend formation on the USDSGD chart. Key technical indicators such as the Moving Average and Relative Strength Index (RSI) show positive momentum, supporting an upward price movement.
2. Market Sentiment: Recent market data indicates a growing demand for USD against the SGD. Factors such as economic stability in the US and increased investor confidence contribute to USD strength, making now an opportune moment to enter a buy trade.
3. Fundamental Factors: Economic indicators from the US, such as recent GDP growth and employment data, suggest a robust economic outlook. Additionally, Singapore's monetary policy suggests a stable but slower growth rate, favoring a stronger USD over SGD.
We advise you to place your buy orders at the specified entry price and monitor the trade as it reaches the target take profit and stop loss levels. Good luck with your trading, and stay tuned for more updates from our EASY Quantum Ai strategy!
Happy trading,
Your Trading Team
USDSGD: ITF CURVE ANALYSIS (10H) - UPTREND✨ USDSGD: ITF CURVE ANALYSIS (10H) ✨ (UPTREND)
BLO2 @ 1.33803 ⏳
BLO1 @ 1.34127 TRIGGERED
MO @ 1.3419 (DEPENDING ON YOUR TRADING PLAN/THRESHOLD
TP1 @ 1.34658
TP1a @ 1.3520 (Secret TP1)
TP2 @ 1.35537
TP3 @ 1.36092
TP3a @ 1.3645 (Secret TP2)
SLO1 @ 1.36505⏳
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BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
NOTE: Happy Friday all! Figured I'd provide one more opportunity that I'm engaged in for your viewing pleasure. Let's see what happens...
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
USDSGD Trading Signal: BuyEnter Price: 1.34383
Take Profit: 1.34566667
Stop Loss: 1.34058667
Signal Summary:
Buy USDSGD at 1.34383 with a target profit level at 1.34566667 and a stop loss at 1.34058667.
Justification:
This trading signal is generated using the EASY Quantum Ai strategy. The decision to go long on the USDSGD currency pair is based on the following factors:
1. Trend Analysis: The recent price movements indicate a bullish trend for USDSGD. Historical data supports the continuation of this trend.
2. Technical Indicators: Key technical indicators such as RSI and MACD exhibit bullish signals. The RSI is moving upwards, and the MACD line is positioned above the signal line.
3. Support and Resistance Levels: The support level is identified near the stop loss at 1.34058667, providing a safeguard against downward volatility. The resistance level aligns with the take profit at 1.34566667, suggesting potential upward movement.
4. Market Sentiment: Current market sentiments, driven by economic reports and investor behavior, favor an appreciation of the USD against the SGD.
Risk Management:
Setting the stop loss at 1.34058667 ensures that potential losses are minimized, while the take profit at 1.34566667 aims for a reasonable gain, aligning with the identified resistance level.
Monitor the trade closely, adjusting the strategy as necessary. Happy trading!
EASY Quantum Ai Strategy Team
USDSGD: ITF CURVE ANALYSIS (17H) - DOWNTREND✨ USDSGD: ITF CURVE ANALYSIS (17H) ✨ (DOWNTREND)
SLO2 @ 1.36505 ⏳
SLO1 @ 1.36106 ⏳
TP1 @ 1.35344
TP2 @ 1.34233
TP3 @ 1.33505
BLO1 @ 1.33331⏳
BLO2 @ 1.32906⏳
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BLO = BUY LIMIT ORDER
CP = CURRENT PRICE
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
DISCLAIMER NOTE: There are a couple of options with this trade. This analysis is the most safe and conservative. However, there may be an opportunity for a short term long from CP as a MO (1.3505) or at approximately around 1.3490 with a TP1 of 1.3610 (R:R of 6:1) & TP2 of 1.3645 (R:R of 7.5:1).....This is just an analysis NOT a solicit to engage in any trade. You assume sole risk if you decide to take any trade. As a professional, I know how to navigate this potential opportunity. Just sharing an idea.
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
#USD #SDG LONG Set Up1H chart is showing some sign of life and little reversal. Will long and have my entry / buy stop at 1.34443. Mind you we have Empire State Manufacturing Index and powell speech. Prepare for some volatility
Entry 1.34443
Stoploss 1.34043
TP-1 1.34840
TP-2 1.35240
Join Uptrend in USDSGDJoin Uptrend
Entry above 1.3676
Protective Stop 1.3813
Target 1: 50% of the size 1 to 1 risk to reward 1.3945
Target 2 above 1.41
Move stop to breakeven when it hits Target 1
Keep managing stop if continues to rally
USDSGD buy setup !USDSGD is getting ready for go up. Its coming from a very strong support area and now its time to buy the pair. 1:3 Return I'm expecting from this trade.
