The pair is trading within a 1W Falling Wegde (RSI = 38.277, MACD = -0.007, Highs/Lows = -0.0017) within a wider 1M Channel Down (RSI = 32.243, MACD = -0.023, Highs/Lows = -0.0181). Both patterns call for a new Lower Low which should hit at least 0.92000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **...
The pair has been trading within a 1D Channel Down (RSI = 42.510, MACD = -0.005, Highs/Lows = -0.0006) since the August High. On a wider time frame the current price action appears to be replicating the October-November 2019 period when a similar Channel Down made a temporary bottom on the 1D scale, spiked to a Lower High before making the May bottom. With the 1D...
The pair has been trading within a 1D Channel Down since August/ September peak (RSI = 52.914, MACD = 0.000) and is currently testing the 1D MA50. Even though the Lower Highs are clear, the pattern lacks the latest Lower Low and we are taking this opportunity to go on a medium term short towards 1.0300. Long term trades may wait for an even bigger sell opportunity...
Pattern: Channel Down on 1M. Signal: Bearish as the price is coming off a rejection on the 1D MA50. Target: 0.9200.
The pair has been trading within a long term 1M Channel Down (RSI = 37.426, MACD = -0.018, Highs/Lows = -0.0198) that only recently made a Lower Low and is rebounding on the 3rd straight green 1W candle. Based on the duration and decline of the previous Lower Highs, we are expecting the next Lower High to be towards 0.91000, where it will make contact with the...
The pair has been trading within a 1M Channel Down (RSI = 40.510, MACD = -0.011, Highs/Lows = -0.0132) since the start of the year. Recently is has been following a previous pattern within the Channel Down that calls for a bearish extension. We are taking this sell opportunity to aim near the 1.4810 Support. Attention is required and readiness for an early exit as...
If we see a nice correction as shown, it's a good place and time to short this chart
Pattern: 1W Channel Down. Signal: Bearish as the RSI was 30.00 on each of the previous Lower Lows. Target: 1.48100 (1M Support).
The pair has been trading within a 1M Channel Down (RSI = 35.152, MACD = -0.017, Highs/Lows = -0.0297) since January 2017. Currently it is closer to the Lower Low zone and since through-out this downtrend it has always made contact with the 1W MA50, we are expecting a rise towards at least 0.9000. ** If you like our free content follow our profile...
The price is under Key Level 1.3950 at the time. If you looking for Sell with this instrument i show you the best place for entry, it's better to wait for pullback to Key Level for better risk/reward ratio. Write your comments and questions here in comments! No need to write them in PM. Thanks for your support!
Pattern: 1M Channel Down. Signal: Bullish as the price is close to the 1M Support and is making a Lower Low on the inner Channel Down. Target: 0.9000 (projected contact with the MA50).
Pattern: 1W Falling Wedge. Signal: Bullish as the price is approaching the Lower Low zone and the RSI is on bottom levels. Target: 5.7000.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6908). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6908). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
We can open BUY in marked Zone at the begining of trading session in Monday because: - The price is near 33-Months Low 1.66716. - Weekly candle made a fake breakout of this level and it's a huge pisibility to close above. - If GBPSGD will bounce from this Low we will have great trade with sweet risk/reward correlation.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
We can see support zone here. The price can bounce from Mirror Level 0.93947 again.
AUDSGD crossed the Mirror Level 0.93939. We can open short term BUY if the price will pullback to Zone.