Hi there. Price is forming a continuation pattern to the upside.
Watch strong price action at the current levels for buy.

USDSGD in the money

Dollar index weaker and 1.9T stimulus

Breakdown bearish wedge today, full red candle

Prefer to SELL

Take 30-50 pips profit

JUST FOR IDEAS!!

DISCLAIMER!!
This is for general information purposes only. It is not investment advice or an inducement to trade.

Pivot 1.325
Long signal on the 4hr targets 1.333 then 1.357 Stop 1.325
Break of 1.325 targets 1.300 then 1.200

Long term downtrend
Medium term downtrend
Short term downtrend (possible bottom if 1.325 holds)

Price under downtrend. Medium trend line breakout. Bears are strong. D1 momentum is begin.. Let's short!!

The macd crossed over the signal line giving us a buy signal, I bought in at the resistance point but it is not too late for a good risk reward ratio. Set stop loss at latest swing high and let the momentum run its course.

i need 5 reputation in order to be able to chat so i can learn, For this chart i think it will bounce off the resistance line i drew and continue the previous downtrend, take a look on the 4hr chart too.

USDSGD

Could have a big swing down if it gets enough momentum bouncing off this resistance line at the 200 ema , look for a reversal signal

PLEASE UPVOTE FOR REPUTATION SO I CAN CHAT :)

Short short & Short!

We are yet to have meaningful progress in this currency pair upside trajectory. Therefore we short further!

This is not financial advice.

usdusgd

Lets see how it pans out

Guys, this is what I am looking at for now. It does not mean that the bear trends is over but the way I look at the chart, this could be a relief rally of sort. So, I am merely taking advantage of this situation and go long temporarily.....

1.35 is a guide , it could be even higher or lower and I would update as frequently as I could.

Midterm forecast:
While the price is above the support 1.2995, beginning of uptrend is expected.
We make sure when the resistance at 1.3460 breaks.
If the support at 1.2995 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 1.3146 on 01 /06/2021, so more gains to resistance(s) 1.3335, 1.3390 and maximum to Major Resistance (1.3460) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 53.

Take Profits:
TP1 @ 1.3335
TP2 @ 1.3390
TP3 @ 1.3460
TP4 @ 1.3675
TP5 @ 1.3785
TP6 @ 1.4035
TP7 @ 1.4635
TP8 Free

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Good rejection signal of this pair

USE MINIMUM RISK MAN

I think we're going to see an interesting turn of events for this pair. We've hit a multiyear trend line which could send this back up to the 1.2 or 1.5 regions.

Hey, USDSGD is a pair that I don't usually trade but observe occasionally at it is a counter that aids the decision of my withdrawals.

If you are looking to withdraw the level at 1.2997-1.3107 candle close on the monthly chart is quite important, that level needs to hold if not a potential of it to fall to 1.2762 is possible.

Traders like myself will have to observe closely at 1.3442 and I'm expecting it to happy by 31May2021.

Market Commentary:

LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...

First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish , if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...

Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves ...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.

I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES ...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action.

All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS

Will MAS put dovish tone on sgd to remain competitive regionally and/or will the Fed put brakes on QE Bond Buying in Janury or February?

Hi my friends
My analysis of the USDSGD
Share your comments with me
Thank You

Trail Stop Loss For The USDSGD Trade Idea. Entry was at the 1.34500 price area on November 15, 2020.

My Bearish strategy says Bears will come out soon wait for it.

I just Point our entery and our TP on the chart.

Enjoy🍕💲

Will look for a long opportunity from the support area .

It can have very strong buy in this range.

Hi traders;
Sell idea, as you can see the price is going down and it is bounced in a Symmetrical TriangleI expect to touch upper triangle and then price starts a new impulse to the down levels which I expect.
NOTICE: If the price breaks out the upper line which I marked, do not be short.

Market Commentary:

LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...

First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish , if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...

Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves ...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.

I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES ...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action.

All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS

Just use Inside bars indicator: wait patiently for the inside bars to be lit up; Take the trade at the close of the inside bar ; Trade and hold in the direction of the impulse; I advice RISK MANAGEMENT.
Trail your stops to the lows of candles or structure.👍🙌

Hi there. Price is forming a reversal pattern to change its direction.
These are the fundamental reasons for a possible USD/SGD bullish scenario:

Sentiment shifts:

Bullish scenario:
A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no deal by EU summit.
In this scenario we would expect to see downside in equities across the board, with US equities expected to fall more if we see US stimulus talks break down and more downside for EU equities if we see Brexit talks collapse and upside in the dollar across the board.

Strong equity sell offs are usually accompanied with some support for the US dollar as the world’s reserve currency and with its safe haven status as well as Japanese yen and Swiss franc .

Entry on Breakout

imo