USDSGD trade ideas
USDSGD Remains Bearish Selling Opportunities continue for USD Singapore Dollar.
Wait for the trendline break to go short
USD/SGD short, Daily with a 4 hour entry.Looking for a short entry here if price breaks 4 hour pull;back tradnline. Looking for a 100pip move here. Measured move
USDSGD Key Resistance LevelPrice at key resistance on the trendline support
Wait for break and confirmation to enter short
USDSGD Sell LimitUSDSGD is in a clear downtrend on H4, breaking and retesting horizontal levels.
I expect it to test this marked level and continue its downtrend
Possible SHORT Opportunity on USDSGDLooking for a Retest at the previous S/R Zone with rejecting wicks to look for Short opportunity.
USD/SGD Long-term outlookUSD/SGD currency pair testing multi-year rising support.
On the 23rd of March this year the USD/SGD currency pair topped out at the 2nd of January 2017 highs (Double Top) and has since declined relentlessly. Now testing multi-year rising (A) and falling wedge support at (1). A good buying opportunity for the long term could present itself above (1) with 1.37300s as a first resistance zone to watch for, followed by 1.38449 and 1.39458 whereby a good selling opportunity could hinder the bulls’ efforts for the short term before the uptrend resumes.
Alternatively, if the bears can breach this dual support zone now in play, and push prices below the January ‘20 lows at 2 (1.34469) we can expect to see an increase in selling pressure forcing prices furthermore to low 133s, followed by 1.31665 and 1.30039 in extension.
USD / SGD Potential Rebound Strong SupportHave to watch this support line very clearly. The strong support that was tested 3 times prior.
USD SGD BUY (US DOLLAR - SINGAPORE DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.
USDSGD counter-trend tradeOption 1 : BUY
Support T-Line 2014 July
Buy and take 50-100 pips
Note: Wait for rejection candles and 50MA crosses 200MA
Option 2: SELL
Breakdown T-Line and retest, SELL
Take 80-100 pips
Note : Strong Support level 1.34500
JUST FOR IDEAS!!
DISCLAIMER!!
This is for general information purposes only. It is not investment advice or an inducement to trade.
Bearish Usd/Sgd Set-upA bearish view for Usd/Sgd done over SnR break and Zig Zag pattern
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Ideas in this page are speculative and not a financial market investment advice , please apply your own analysis and confirm it with price action.
Good day to change SGD to USDIt's a good day to change some SGD to USD, especially if you are using it on a regular basis.
Daily Bullish Divergence. Don't Miss!Probably one of the best risk to reward trades going into 2021. Singapore's dollar is approaching the upper boundary of its trading band as speculation mounts that the central bank will boost the exchange rate for a second time this year to combat inflation. Expect some volatility soon.
