CHECK THIS SET UP OUT. LOOKING GOOD SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Downside risks prevailed in the market, thus sending the Singapore Dollar 2.60% lower against the Japanese Yen. Given that the pair is pressured by the 200-period SMA (4H) at 81.96, the general direction is expected to remain south within the scope of the next week. Two important levels to look out for are the monthly S1 at 81.24 and the Fibonacci 39.80%...
Did this out of a favour of a friend who is going to Japan, well can this work? Of course, it does. Not only the knowledge of analysing the chart can be used on trading, but it also can be used on our daily lives, from when is a better time to do your exchange to when you make your online shopping purchase and even use a better time to pay your suppliers/...
SGD/JPY has broken its 50 EMA on the 4H chart. As long as it hold as resistance, we can see SGD/JPY to drop further more. Trade safe.
The Singapore Dollar has been depreciating against the Japanese Yen after the currency pair reversed from the upper boundary of a long-term descending channel at 83.30. Currently, the rate is trading near the lower boundary of the junior channel near 82.30. From the theoretical point of view, the pair should aim for the lower boundary of the senior channel....
SGDJPY is trading within an Arc pattern on the Monthly chart (RSI = 50.506, Highs/Lows = 0.0000, MACD = -0.380, B/BP = -0.9320) and the symmetrical Lower Highs are evident. One is such currently ar 81.800 which has tested the 1D Resistance level (RSI = 60.899) and is expected to be rejected and reverse lower. We are entering a short, TP = 80.265.
The SGD/JPY exchange rate has been tended north since the middle of August when it reversed from the senior channel near 80.10. The general direction is expected to remain north within the scope of the next week. Two important levels to look out for are the monthly PP at 81.88 and the weekly R1 at 81.93. However, technical indicators suggest that this advance...
I think this one will break to the downside, but there is more room to run on the top side. Trade the breaks.
Fundamentally, as trade tensions worsen, SGD should weaken in tandem with CNY while risk aversion will cause JPY to strengthen. On the charts, SGD/JPY is trying to break below the Ichimoku clouds. Keep an eye on this as it could develop into a strong bear trend on the weekly chart.
Have observed SGDJPY for quite some time now. Seems to me that this pair is ranging + we are at a resistance zone. It might be a good idea to take a short trade here.
Based on Rejection candle off Support / Resistance. As always DYOR , Don't trade if you cant afford to lose , never trade more that 1.5% of your pot
SGD/JPY is moving to 4 - months low. I will open buy if the price will make a fake break of key buy level 79.50. Big players respect such levels because under it many traders hider their stops. Open Buy near: 79.50 S/L: 30 – 40 pips under entry point. T/P1: 82.70 T/P2: 84.10
The Singapore Dollar has been gradually appreciating against the Japanese Yen since it bounced off the senior channel circa 79.75 mid-March. The latest wave up in this junior pattern began on May 29. The pair should have tested its upper boundary today; however, the strong resistance by the monthly R1 at 82.80 has halted any attempts to reach the given channel...
If price moves to the 83.00 area, then I'll be looking for bear candles to post on the daily time frame. If I get bear candles posting on the daily time frame, then I'll move to the 1H chart to place sell limit orders at previous market levels.
If price moves to the 77.00 area, then I'll be looking to buy this pair. If this happens, then I'll be watching for bull candles to be posted on the daily time frame. Once I see a bull candle, then I'll move to the 1H time frame where I'll place buy limit orders at previous market levels.