USDSGD <LONG> WEEKLY TIMEHello
The analysis is based on Elliott waves
The price is now at the end of 3 corrective waves
For a more detailed review, we refer to the lower times, pay attention to the updates of this analysis
USDSGD trade ideas
USDSGD Bullish IDEA1. Bullish Divergence on 4H TF
2. Bullish Pin Bar on 1D TF
Expecting a reversal of Bearish Trend
R/R 1:5
USDSGD outlookUpon conducting a top-down analysis of USD/SGD, my findings suggest a persistent downtrend in the pair. Based on this trend continuation, the analysis indicates a substantial selling opportunity for the currency pair. I recommend taking the time to carefully review and consider this analysis
USDSGD KEEP AN EYE OUTHey everyone! Hope all is well and blessed!
Just wanted to post this for future reference. USDSGD coming into some significant areas of supply. Wouldn't be a bad idea to look for some potential short opportunities/shifts from these levels.
Remember structure is the foundation of the market and key levels are the foundation for TRADING. Lets do this!
Cheers!
SCRIPT :USD SGD1 day view of usd sgd pair when the institutions collects the sell side liquidity we need to execute the buy zone below
USD/SGD - Bearish Head and ShouldersThis analysis focuses on the historical performance of the USD/SGD pair, specifically in the month of December, over the past decade. The identified pattern is a bearish head and shoulders formation, a classic technical analysis pattern signaling potential downward movement.
Key Points:
Pattern Recognition: The USD/SGD pair has exhibited a bearish head and shoulders pattern multiple times over the last 10 years. This pattern typically consists of three peaks, with the highest one (head) between two lower peaks (shoulders).
December Trends: The interesting observation is that this bearish pattern tends to manifest during the month of December. The pattern's recurrence in December may suggest a seasonal trend or specific market dynamics during this month.
Historical Frequency: Through careful analysis of historical price data, it has been identified that the USD/SGD pair displayed this bearish pattern in December on six occasions within the past decade.
Cautionary Note: While historical patterns provide valuable insights, it's essential to consider current market conditions, economic indicators, and geopolitical factors before making any trading decisions.
Recommendation:
Traders may want to closely monitor the USD/SGD pair in December, keeping an eye on the neckline of the bearish head and shoulders pattern as a potential entry or exit point.
Additional confirmation from other technical indicators and fundamental analysis is advisable before executing any trades.
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Trading involves risks, and users are encouraged to conduct their research or consult with financial professionals before making any trading decisions.
USDSGD BEARISHI anticipate a continuous bearish trend. The USDSGD pair seems, according to all estimates, good to invest in.
USDSGD - Possible Bullish reversalPossible reversal from previous bearish trend. Watch whether trendline becomes support or resistance
USDSGD: Breakout supported by the 4H MA50.USDSGD is trading inside a Channel Up pattern on the 4H timeframe, on a bullish technical outlook both on the 4H and 1D charts (RSI = 57.738, MACD = 0.002, ADX = 20.427). Yesterday it crossed over the LH trendline and has up to now stayed supported on the 4H MA50. The 4H MACD Bullish Cross has originated this breakout and it appears that it is fairly symmetric with the one in September. Both around the 0.5 Fibonacci level. As such, we turn bullish and target Fibonacci 1.236 (TP = 1.3800).
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USDSGD ↘️ Rising wedge breakout .150+ Hello Everyone 🙋🏽♂️
🔴 1.36704
🟢 1.35540
🟢 1.34735
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
Don't forget to hit the like bottom and write a comment to support us.
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Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
USDSGD - Text Book Reversal!USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal!
Now that we've topped, we can look for any pullbacks to add a position for the massive drop.
Trade idea:
- Watch for pullback
- once pullback appears, look for a trendline break or structure rejection
- Enter with stops above the highs (above 50 fib)
- Targets: 1.305 (700pips), 1.27 (1000pips)
Goodluck and as always, trade safe!
USDSGD Channel Up trading strategyWe haven't looked into the USDSGD pair in a long time (May 16), with the last idea giving a great bullish break-out signal:
The pair has since entered a Channel Up pattern, with the latest bullish leg since July 14, just reaching the top (Higher Lows trend-line) of the pattern. This is also the 0.5 Fibonacci retracement level from the 2022 High. As long as the price trades under it, we will be short, targeting the 1D MA50 (blue trend-line) at 1.36250. If the 0.5 Fib breaks, we will close the sell and go long instead, targeting 1.38600 (Resistance 1).
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USDSGD could perform well this weekUSDSGD has been in a sell-off last week undervaluing the USD vs the Singaporian dollar... Knowing that the US dollar could rally in the coming days due to macro economic circumstances, a undervalued pair like this one could be a great opprtunity for a BUY.
USDSGD - In Bullish TrendThis pair is printing consistent HHs and HLs without any sign of reversal. This seems to suggest it will continue to move upward.
sells USDSGDUSDSGD looks good for some sells because its at a strong resistance , i believe once the 1.36809 holds we shall see sells towards 1.34907. before taking this trade look for good rejection candles to the upside
USDSGD Head & Soolders Chart Pattern.Hello everyone
AS you could see we have here a head and shoulders pattern with a Break of structure
for The Higher high with creating lower low to retest the ascending channel
You could set a SL : 1.35000
TP : 1.37900
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Michigan consumer sentiment will shock us all In 6 days we have a major update to come and technically speaking we have what i call a sandwich panel set up in which a bearish candle is stocked in between 2 bullish ones now once the said second bullish candle close exceeds the high of the said bearish lone candle we can count on a perfect trend reversal .
Ichimoku RSI AnalysisPrice was in overbought area, so we expect that price come down and touch the Kumo!
Long USDSGDIt appears that USDSGD may be setting up for a multi-day bull run.
Last week USDSGD posted a green weekly Heiken Ashi candle and I suspect it may do it again.
It is also the case that USDSGD posted a green daily Heiken Ashi candle after multiple red Heiken Ashi candles on the daily.
This signals to me that we may be in for a bull run this week.
USD/SGDI might try a long down here if it holds the 38 fib.
target the top resistance
With a stop somewhere below the bottom of the flag.
USD/SGD IS MAKING BULLISH HARMONIC PATTERN.USD/SGD will make AB=CD pattern if the divergence will formed on point D. Currently we are waitnig for the break out of point B so we will short it
