The Euro has been depreciating against the Singapore Dollar since the end of September when the pair reversed from the upper boundary of a long-term channel at 1.6080.
Currently, the pair is testing the lower channel line located at 1.5691. Given that the rate is pressured by the 55-, 100– and 200-hour SMAs, it is expected that a breakout south from the channel...
The 1D Channel Down (RSI = 43.604, Highs/Lows = -0.0005) is approaching 1.57500 which is a Higher Low on the 1W Channel Up (RSI = 47.255, Highs/Lows = 0.000, STOCH = 63.835). That is a prime long entry and can be split for three targets: the two previous Higher Highs = 1.6000 and 1.6110 and the next projected Higher High = 1.6200.
The Singapore Dollar has been depreciating against the European common currency since the end of September. This movement has been bounded in an ascending channel.
As apparent on the chart, the exchange rate is also trading in a long-term ascending channel. The pair has already reversed from the upper boundary of the senior trend at 1.6080 and currently is...
The EUR/SGD exchange rate has been trading in an ascending channel for the last two months. This pattern was formed when the pair reversed from the senior ascending channel at 1.5627.
Given that technical indicators still remain bullish in the short term, it is likely that the Euro goes upper the following days. A possible target is the upper boundary of the...
The European common currency has been ranging against the Singapore Dollar since late June. This movement has been bounded in between the 38.20% and 50.00% Fibonacci retracement lines at 1.5860 and 1.5972, respectively.
This movement sideways is a part of a larger-scale ascending channel near whose bottom boundary the rate was trading at the time of this...
EUR/SGD has been trading in a descending channel during the past seven weeks. The rate breached the prevailing senior channel along the way and fell to a new one-year low of 1.55 on Wednesday. This level corresponds to the bottom boundary of the aforementioned junior channel.
The pair has since recovered some lost positions and is gradually moving towards the...
The common European currency has weakened against the Singapore Dollar since early February when the pair reversed from the senior channel at 1.6450. This mark is likewise the highest price level since mid-2014.
The strong bearish sentiment which prevailed during the last week of April forced a breakout from the aforementioned long-term pattern. The rate has...
After reaching a three-year high of 1.6427 early in February, the common European currency began trading in a new wave down. This movement has been bound in a descending channel but with a diminishing trading range.
Technical indicators demonstrate that the pair is likely to edge higher and approach the prevailing junior channel down during the following week....
Price broke above this s/r zone to the upside and already retested it from above as you can see.
Iam looking for a short if price can break the zone and gives me a close below .
My target for the short trade would be the rising trendline .
If we arrive at the TL i wil look for:
A) break and further downside move
B) rejection and and a move to the s/r zone to...
The Euro has been appreciating against the Singapore Dollar in a two-month ascending channel. On February 2, the pair reversed from the monthly R1 at 1.6443— which is also a 2016/2018 high— and began edging lower in a new short-term wave down.
As apparent on the chart, the pair bounced off the weekly PP today and fell sharply past the 100– and 200-hour SMAs near...
The common European currency is trading in a channel down against the Singapore Dollar. The upper boundary of this pattern was tested mid-November after which the Euro initiated a new wave down.
This gradual decrease in value, however, was disrupted near the 1.5870 mark when the Euro reversed to the upside once again. Along the way, the pair managed to surpass...
The common European currency has been trading in a downward-sloping channel against the Singapore Dollar for the last two months. The second bottom confirmation was provided late on Friday when the rate bounced off the 1.5828 mark.
The massive plunge that began on October 26 sent technical indicators in the strongly bearish and oversold territory. These signals...
The Euro against the Singaporean Dollar has been trading in a channel down for the past seven weeks. The last up-wave was initiated late in September when the rate bounced off the monthly S1 at 1.5940. The subsequent gradual appreciation resulted in the formation of a channel up.
Given the characteristics of the senior pattern, it is likely that the Euro tries...
could be a forming SHS here ....again a nice rsi divergence while price formes a higher high
if we see the SHS completed and price starts to break its neckline we can get ready for a short ....but its a IF
if price goes up we need to reavaluate the the situation
and of course keep en eye on the Trendline ....
reacting to situations is the key ...not predicting
Expecting Euro to be in full control in the second half of 2017 and 2018.
I think the move up is the wave C of the monthly trend correction. There is a big chance this C wave is going to extend and form the first wave of the new long term uptrend. Buying the dips seems very tempting.
To ride the wave of EUR shorts, this might be a quick profit to work with. If it breaks 1.151500 which its dancing around currently. It's not a popular pair and SGD in general, so be cautious if entering.
