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EUR/SGD

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EURSGD trade ideas

EURSGD - Bullish Trend - 1 Hour Time Frame Based on the chart, it appears that there is a bullish trend forming as evidenced by higher highs (HHs) and higher lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. With this in mind, we recommend taking a long trade with a risk/reward ratio of 1:1. To execute this trade, we suggest entering a Buy Stop order at 1.46468 with a Stop Loss order at 1.46036. To manage risk, we recommend using a Lot Size of 0.25. In terms of profit targets, we suggest setting Take Profit 1 at 1.46907 and Take Profit 2 at 1.47345. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
EURSGDEURSGD - Break out...Coming soon! EURSGD - Technically it's brewing for break out to either direction. We are currently within the ranges of Highs: 1.44965 Lows: 1.41187 If we are to break the lows, expect the recently low areas of 1.37625 to be target areas. If we are to break the hight, expect the the two key resistance areas to be tested and to be target areas 1. 1.47285 & 2. 1.49660 I have even enjoyed trading the USDSGD - very clean set ups! Have a great week ahead, Trade Journal
by Trade_Journal
EURSGD - W patternHello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 1.425 OANDA:EURSGD FOREXCOM:EURSGD
Short
by m_maia14
1
How forex can help you to save for your kids' educationSee tuition fees here So for a bachelor degree, I would need 42,500 EUR (excluding Room and Board). That is equivalent to SGD 66,000 based on current price action. I assume actual exchange rate may differs but this is a rough guide for planning purposes. The chart shows since 2008 till current (12 years) that one can make about 53% from buying into this pair and hold till the peak at 0.69. Now that it has return to the bullish trend line, it serves as another good buying opportunity for the mid to long term. A good 8-10% profit can be expected so long as the bullish trend line stays intact. I hope this can serves as a good education planning tool for some parents out there.
Long
by dchua1969