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USDSGD

The Singaporean dollar eyes the lower support levelThe Singaporean dollar eyes the lower support level and locks in with determination to drag the US dollar. Bearish investors are taking advantage of the risk sentiment in the global market that’s causing the safe-haven appeal of the US dollar to crumble in sessions. The US dollar to Singaporean dollar trading pair should continue its downward track in the market and eventually hit its lower support level later this month. However, the reopening of the economy amidst the rising number of cases leaves the Singaporean dollar very vulnerable. If things turn south, the Singaporean dollar could lose its grip against the US dollar. Just this Wednesday, the strong yet small country reported more than 450 new confirmed coronavirus cases including seven cases in the community. The preliminary daily update of the Singaporean Ministry of Health states that the number of confirmed coronavirus cases in the country is now around 38,965.
Short
by Financebroker
TP1 hit - will we continue down?Last trade hit TP1 and 2, this trade has so far hit TP1. For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair. We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR. There are infinite ways to manage your trades to suit your mindset and time. Works on all instruments Directly onto your own personal trading view - all devices work Non repainting Please follow us to keep up to speed with our trading ideas, live streams (coming soon) and weekly recaps using our strategy. We are continually marking some tweaks and marginal gain improvements to continue to make this easier for our trades and even more profitable. All updates are given to our members and previous purchasers FOC . Regards Darren Blue FX
Short
by pow_removetheguesswork
USDSGD - TP1 hit, close to TP2!For more information on our strategy please view our 'Scripts' page on our Trading view profile. Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair. We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR. There are infinite ways to manage your trades to suit your mindset and time. Works on all instruments Directly onto your own personal trading view - all devices work Non repainting Please follow us to keep up to speed with our trading ideas, live streams (coming soon) and weekly recaps using our strategy. We are continually marking some tweaks and marginal gain improvements to continue to make this easier for our trades and even more profitable. All updates are given to our members and previous purchasers FOC . Regards Darren Blue FX
Long
by pow_removetheguesswork
USD/SGD will bounce back from the “Rising Widening Wedge”The pair will bounce back from the “Rising Widening Wedge” pattern support line. Singapore is taking a toll on the coronavirus pandemic. As the largest investment hub in Asia and the fourth in the world, Singapore suffers from a lack of foreign direct investments (FDI), especially from the United States. In Asia, Singapore and China took the most hit from COVID-19. US investors are choosing the US dollar as their safe-haven investment during this pandemic. The greenback is particularly attractive due to the notion that America will always find a way to keep its economy afloat. Among the fiscal measures taken by the US government and the Federal Reserve was increasing liquidity in the market. In total, the stimulus by these institutions amounted to $5 trillion. The government and its central bank are also looking to distribute the fourth phase of stimulus to the public to prevent its economy from collapsing.
Long
by Financebroker
USDSGD XABCD BEARS 4300(NEW)before we kick start the update. your upvotes/subs are appreciated. Why get subbed to to me on Tradingview? -TOP author on TradingView -professional chart break downs -key levels -no junk on my charts -frequent updates -covering FX/crypto/US stocks -24/7 uptime so constant updates So without further due. Keep it short/simple and to the point. USDSGD XABCD BEARS 4300(NEW) IMPORTANT NOTE: this is speculative setup. results not guaranteed. do your own due dill. at all times please use a stop loss. This is an update of my previous setup from yesterday. PRZ on H4 chart revised/updated to 4300. look for rejection/reversal from that area. details: see chart. good luck traders. get subbed to stay tuned for all the latest updates. also add likes to support my efforts, thank you.
Short
by ProjectSyndicate
1
USDSGD XABCD 2 options H2/H4(NEW)before we kick start the update. your upvotes/subs are appreciated. Why get subbed to to me on Tradingview? -TOP author on TradingView -professional chart break downs -key levels -no junk on my charts -frequent updates -covering FX/crypto/US stocks -24/7 uptime so constant updates So without further due. Keep it short/simple and to the point. USDSGD XABCD 2 options H2/H4(NEW) IMPORTANT NOTE: this is speculative setup. results not guaranteed. do your own due dill. at all times please use a stop loss. Speculative XABCD setup in USDCHF on H2/H4 chart. 1) on the left - PRZ near 4250 for SHORTING 2) on the right PRZ near 4050 to go LONG wait for either of the above to get confirmed and enter upon reversal in the PRZ. good luck traders. get subbed to stay tuned for all the latest updates. also add likes to support my efforts, thank you.
by ProjectSyndicate
USDSGD M45 XABCD BEARS TP100(NEW)before we kick start the update. your upvotes/subs are appreciated. Why get subbed to to me on Tradingview? -TOP author on TradingView -professional chart break downs -key levels -no junk on my charts -frequent updates -covering FX/crypto/US stocks -24/7 uptime so constant updates So without further due. Keep it short/simple and to the point. USDSGD M45 XABCD BEARS TP100(NEW) IMPORTANT NOTE: this is speculative setup. results not guaranteed. do your own due dill. at all times please use a stop loss. Speculative XABCD setup in USDSGD on M45 chart. recommended strategy: wait for rejection near PRZ 4210. if/when rejected, scale in SELL STOP orders below 4200. TP +100 points. good luck traders. get subbed to stay tuned for all the latest updates. also add likes to support my efforts, thank you.
Short
by ProjectSyndicate
USDSGD long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
8
Don't miss the great buy opportunity in USDSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4162). 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 1.4300 TP2= @ 1.4402 TP3= @ 1.4635 SL= Break below S2
Long
by ForecastCity
10