SGDUSD trade ideas
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.
USDSGDI think this pair will continue with to go up
--Price is bouncing off support zone
--Broke through structural line
--ABCD Pattern developing
SHORT ON USDSGDUSDSGD has been in a downtrend for some time. We could see a push to the downside to the areas marked 1 and 2
Don't miss the great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.367). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Take Profits:
TP1= @ 1.3786
TP2= @ 1.3916
TP3= @ 1.4087
TP4= @ 1.4260
TP5= @ 1.4547
SL= Break below S2
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Don't miss the great buy opportunity in USDSGDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.367). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Take Profits:
TP1= @ 1.3786
TP2= @ 1.3916
TP3= @ 1.4087
TP4= @ 1.4260
TP5= @ 1.4547
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
SHORT ON USDSGDUSDSGD has rejected the S/R zone. wicked for a couple of hours suggesting a push to the downside is in play.
Looks short ish, bear flagUsdSgd looks kinda short ish at resistance because its forming a bear flag.
Adding to that is bearish divergence.
Short for me would be till first resistance that lines out with 50 fib.
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USDSGD ANALYSISUSDSGD respects major downtrendline on daily frame
Price broke key level at 1.3687
Below HVN at level 1.3927
Below SMA 100
MACD shows start of bearish momentum
It's expected for the continuation of bearish movement to target demand zone at level 1.3445
Potential sell continuation : USDSGDPrice has broken below ascending trendline , whereas we can see long term descending trendline offering strong resistance ,
Look for potential sell continuation setup.
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