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U.S. Dollar / Singapore Dollar

1.28183SGDR
+0.00287+0.22%
At close at Jun 13, 20:59 GMT
SGD
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USDSGD trade ideas

SELL SETUPThe market has reached the daily swapzone,our daily resistance. The market is trending in the daily timeframe, in this market we might considere looking for sell opportunities. to be on the safe side always follow the trend, even if you get stopped out on your trade you will know why. it might be early entry, you entered before manipulation has happened. It is important to execute trades after manipulation has happened or after having your buy or sell properties, but most importantly don't trade what you always see in the market, have a plan and execute your plan, in that way i am 100&10 percent sure that you will become a consistant trader.
Short
by GMSLORD
Technical Analysis: USDSGD Forex Pair 📈 #ForexAnalysis #USDSGD #ShortPosition #BearishPressure 📉 🔍 Technical Analysis: USDSGD Forex Pair 🔍 Hey traders! 📊 Today, let's take a closer look at the US Dollar/Singapore Dollar (USDSGD) Forex pair and explore some interesting insights that could potentially guide our trading decisions. 🤝 📉 Price Action and Trend Observation: The USDSGD pair has recently experienced a significant event - the breaking of its support levels from January 4th, 2021. 📅 This bearish move suggests a potential shift in the trend, indicating a possible downward direction. 💔 Broken Flag Support: As of now, the price is testing the broken flag support, which could act as a resistance level. 🚧 This retest offers traders an opportunity to take advantage of the bearish momentum in the market. 🐻 Too Much Bearish Pressure: The prevailing bearish sentiment is evident, and it appears that there is substantial bearish pressure that may deter any immediate bullish comeback. 📉 The sellers seem to be waiting eagerly to add to their positions if the price attempts to rally, which might act as a barrier to any upward movement. 📉 Short Position Strategy: Given the bearish environment, I have just opened a short position in the USDSGD pair. If the price happens to rally, I'm prepared to add another short position to capitalize on potential further downside. 💼 However, it is essential to stay cautious and manage risk appropriately, considering the volatile nature of the Forex market. ⏳ Time Frame and Potential Scenario: This analysis is based on a 1-week time frame, suggesting that the anticipated downward move may take a few more days to unfold. But keep in mind, when the price falls, it often does so rapidly, offering excellent trading opportunities for short-term gains. Remember, successful trading involves a combination of analysis, risk management, and discipline. 🚀 Always use proper risk-to-reward ratios and employ stop-loss orders to protect your capital. #ForexTrading #TradingOpportunities #TechnicalAnalysis #ShortingOpportunity #TradeSmart #RiskManagement #USDSGDAnalysis Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading Forex involves substantial risk, and traders should exercise caution and conduct their research before making any trading decisions. Always do your due diligence and consult with a qualified financial advisor if needed. Happy trading! 📈📉
by T-Q
Usdsgd watching for pullbacks to short **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
2
USDSGD ____ INCOMING BULLISH RALLYHello Guys, As I had previously published, the dollar index seems to be setting up for a bullish rally (analysis inserted below) and USDSGD which is correlated with the dollar index is aligning accordingly. You will also notice that the price has buy-side liquidity to hunt. I have set an alert to know when price trades into the daily order block from which I will be looking out for a CHOCH on the 1-hour timeframe to go long. Also, USDCHF is aligning for this long (analysis inserted below) Follow me for more updates. US DOLLAR INDEX ANALYSIS USDCHF ANALYSIS Cheers, Jabari
Long
by jabariofafrica
USDSGD ____ INCOMING BULLISH MOVEHey Guys, USDSGD hunted sell-side liquidity last week Thursday & Friday and also traded into the weekly FVG. From the weekly FVG, I speculate that the price will rally to hunt the buy-side liquidity and head into the daily FVG. However, I expect that price will try again to go lower at the beginning of the week and start the bullish rally. Also, as a confluence, the dollar index is also getting ready for the bullish rally (see below my analysis on DXY) Follow for more updates. Feel free to DM me. See my Dollar Index analysis Other USD-related pairs GBPUSD NZDUSD USDJPY Cheers, Jabari
Long
by jabariofafrica