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USDSGD

USDSGD. OVERBOUGHT BUT IS THIS A REVERSAL?USDSGD peak as the USD strengthen and the SGD weakened due to the coronavirus situation happening in SG. However price is weakening as price broke below the uptrend channel, retested and formed lower lows and lower high. (a new downward channel) Price has been respecting this new downward channel and just recently reversed from the trend line and 50EMA @ 30mins. Expecting price to further decrease when the bottom trendline is broken.
Short
by TrainingTrader
USDSGD short, price reacts to the daily resistance level!Plan : wait for price to bounce off from daily resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL **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
Short
by GWBFX
USDSGD forex cross pair supply and demand analysisLet’s have a look at USDSGD forex cross pair using the supply and demand glasses as technical analysis. This forex cross pair has created a very strong impulse on the weekly timeframe around 1.3497 price area that ended up becoming a strong demand imbalance where longs will be possible again. Using our supply and demand glasses it should be pretty clear that the underlying asset, USDSGD cross pair is now very expensive to buy, we do not, we should not buy after a strong rally, it goes against the core principles of supply and demand. Since the bigger picture trend is bullish, we should be interested only in buying USDSGD forex cross pair, but not it’s not possible. You can use this supply and demand technical analysis to plan your trades in smaller timeframes using other strategies, or even taken shorts of the way down. USDSGD is now within weekly supply imbalance around 1.3870, no longs allowed. Planning your Forex trades based on supply and demand imbalances will place you on the right side of the equation more often than not. There are many Forex trading strategies, stick to one and master it.
by AlfonsoMoreno
USDSGD Reversal AreaWill be speculating what I understand from PA, whether its Loss in Momentum, Long Wicks with Close below, ETC. Perfect Area to look for a Short, left a few notes on the chart analysis itself to keep things brief but effective to look for incase some decide to take their own trades on this pair. Whats great about set ups like this is, if you had proper money management then if you get stopped out of trade, a bullish set up will be present and you can enter a trend continuation trade using fibonacci/exhaustion methods.
Short
by RiosTrades
USDSGD roadmap on daily**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
Short
by GWBFX
6
USD/SGD will continue to move higher in the following daysThe pair will continue to move higher in the following days after it broke out from a downtrend resistance line. The US dollar will continue to surge as more US companies are due to report their earnings report. The better-than-expected results helped US indices to break their previous record and set a new all-time high price. In line with this, the US Manufacturing Purchasing Managers Index (PMI) will be reporting today, February 03. Analysts are anticipating positive results in relation to the earnings report. Meanwhile, Singapore Manufacturing Purchasing Managers Index (PMI) is flirting to post below 50-points result. A figure below 50 is an economic contraction while above 50-points is an economic expansion. In other news, Singapore and other Southeast Asian countries’ stock exchanges will continue to plunge. As of writing, the novel coronavirus cases exceed 17,000 nationwide stirring fears of a global economic slowdown.
Long
by Financebroker
USDSGD has been trading in tight ranges𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜. 𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥. The pair has been trading in tight ranges in the latest trading sessions, with bears and bulls apparently reluctant to take the lead. For fundamentals, in spite the challenging year that suffered with global economic uncertainties, the city state beat expectations for investment commitments last year. Last year, Singapore $15.2 billion in investments. These investments are expected to create more than 32,000 jobs over the coming years, according to Economic Development Board’s (EDB) announcement in its year-end review. The vast majority of these jobs will be for Singaporeans, according to Trade and Industry Minister Chan Chun Sing. This would be similar to the trend between 2015 and 2018. Around 60,000 jobs popped out during the period. Around 50,000 jobs of those went to Singaporeans, according to minister Chan. Large manufacturing investments from semiconductor, energy, and chemicals were key to the rise in investment.
by Financebroker