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AUD/SGD

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AUDSGD trade ideas

Bearish Thoughts on AUDSGDGot to know a wonderful lady today and we have quite a discussion on AUDSGD. Confession to that, I've never looked at this pair in the past 13yrs of my trading journey. But a chart is a chart, this is my analysis. As long as the market didn't break above and close above 1.0600, I see that the first bearish move will hit 1.0144 and the final target for this move at 0.9802. And if the purpose of this information is not use for trading, add additional 1.5% on top of the rate and banks or money changer will be offer the rate not more than 2% of the raw rate. All the best traders!
Short
by RaynLim
AUD/SGD 1H Chart: Aussie breaks channelThe Australian Dollar was trading in a channel up against the Singapore Dollar for two months. During the last week, the Aussie failed to reach its upper boundary several times —a move which was followed by a soon breakout near the 1.0503 mark. At the time of the analysis, the pair was trading near 1.0500. In case it succeeds ate reversing to the upside from this two week low, this would confirm the bottom boundary of a newly-formed ascending channel, thus pointing to a subsequent surge. The current positioning of technical indicators suggests that the Aussie might be due for a correction upwards in line with the aforementioned junior channel. A possible upside target for this session could be the combined resistance of the 100– and 200-hour SMAs, while it might reach 1.0660 within the following week. On the other hand, a bearish breakout from 1.05 should send the pair towards the 38.2% Fibo retracement and the monthly S1 at 1.0445 and 1.0425, respectively.
Long
by UnknownUnicorn890690
AUD/SGD 1H Chart: Wedge prevailsThe Australian Dollar was stranded in a six-month channel down against the Singapore Dollar prior to breaching this pattern early January. This breakout occurred after the pair reached the 2017 low of 1.0142 on December 7. As a result, it has since managed to recover some of the previous losses and return at mid-October level. The Aussie has diminished its trading range in an ascending wedge. Characteristics of this patter suggest that the rate could approach its bottom boundary in the 1.0520/40 area. The rate might even fall down to the 1.0470 mark where the 200-hour SMA and the weekly PP are located. In case this level is breached, the Aussie might be pushed towards the weekly S1 at 1.0428. On the other hand, the pair could be sent towards the monthly R2 at 1.0660 if bulls prevail.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Pair ready to breach wedgeThe Australian Dollar has appreciated against the Singapore Dollar during the past three weeks. This movement upwards has sent the pair closer to the upper boundary of a long-term channel down. If looking in the short term, the latest up-wave has been stranded in an ascending wedge. The Aussie has, however, remained near its northern boundary for several trading sessions. This suggest that it could eventually breach the weekly R1 located at 1.0401. This scenario would then push the rate towards the senior channel circa 1.0420. Meanwhile, technical indicators suggest that the rate could afterwards edge lower, thus failing to breach this mark. In case the 55-hour SMA is breached today, the Aussie is likely to stop near 1.0340.
by UnknownUnicorn890690
A$ "down under" S$Look at the 3 triangles highlighted, the first two touches the 61.8 FIB level and rebounded. We are watching closely the candles for signs before buying AUDSGD. What this means is that the A$ and S$ pair is reaching parity. A$1 = S$1. Parents who are sending their children to Australia to study may be happy as the exchange rate is in their favour. The lower it goes, the lesser S$ is needed to change for A$, so they can remit more A$ with lesser S$ to their children who are studying in Australia, a popular country for education amongst the Asians.
Long
by dchua1969
AUD/SGD 1H Chart: Aussie stranded in narrow rangeAUD/SGD has been dominated by a flat descending channel since late September, 2016. The pair’s last wave down in this pattern has been stranded in two additional channels. As apparent on the hourly chart, the Aussie still falls short from the bottom boundary of the senior channel near 1.0160; thus, there is still some downside potential. The monthly S2 at 1.0227 has halted the rate on two separate occasions during the past week. This factor, together with neutral technical indicators, suggest that the strong bearish sentiment might have allayed, thus giving bulls an opportunity to take the upper hand in the nearest time. Given the fact that the pair has been confined in a narrow range between the monthly S2 and the 55-hour SMA, no significant changes might occur during this session (in case the RBA Governor Philip Lowe does not shake the market dramatically). Subsequently, appreciation is expected to follow.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Aussie moves in channelThe Aussie is trading in three channels simultaneously against the Singapore Dollar. The senior channel is more clearly apparent on the daily chart as it was formed mid-2015. Meanwhile, the medium-term descending channel has guided the pair towards the bottom line of the long-term channel during the past two months. The Aussie was trading in a wave down since October 19; however, sluggish Australian CPI data released early this morning resulted in a 74-pip plunge in just two hours. As a result, the rate is located at the bottom boundary of the most junior channel near the 1.0510 mark. This massive fall has pushed technical indicators in the strongly bearish territory. Thus, the most likely scenario favours the rate rebounding from this are and approaching a combined resistance of the 55-, 100– and 200-hour SMAs and the weekly PP near the 1.0630 mark. Given that the rate has still not reached the bottom boundary of the long-term channel, bears might prevail in the following weeks.
by UnknownUnicorn890690