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AUDSGD

AUD/SGD - 100 Pips+ Short OpportunityAs long as the 50 ema on the 3 hour timeframe holds as resistence, this move is active. As soon as the current support line is broken, we can expect this to fall At the moment being, it is looking more prominent to fall down as it's been in a consolidation for a few days and the long term trend is still bearish (daily and weekly). If it does make a pullback up, then we can long it 100 pips by planning our entry on the shorter timeframe. Trade safe and don't forget to like if this was helpful! Thanks.
Short
by MoolahMaker
AUDSGD - Good time for accumulation?We have a few confluences on the AUDSGD pair at the moment - RSI is showing a divergence; Price is losing momentum to the downside; We have a completed Bat pattern; and Price has completed a ABC structure. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Long
by KarYong
AUD/SGD 1H Chart: Triangle patternThe Australian Dollar has been depreciating gradually against the Singapore Dollar since the middle of August. This movement has been bounded in a descending triangle. Assuming that this pattern is to hold intact for a couple of sessions, the Australian Dollar should gain momentum and aim for its upper line located near 1.0000. Then, most likely a breakout south should occur. From a theoretical point of view, this breakout should be followed by a surge, at least in the short term. The nearest downside target is the monthly S3 at the 0.9914 mark.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Ascending channel guides pairAfter testing the senior channel near 0.9970 early in May, the Aussie gained momentum against the Singapore Dollar and began moving higher in an ascending channel. This move has been gradual with the pair being located near the 1.02 mark at the time of this analysis. It is expected that the pair continues to approach the upper boundary of the senior channel located near the 1.06 mark. In the short term, however, the Aussie might fail to surpass the 100-day SMA at 1.0228 for a few sessions. This could allow bears to drag the rate lower during the remainder of the week. It is likely that the pair continues to respect the junior pattern and thus reaches for its lower boundary circa 1.0120. The monthly PP and the 100-period (4H) SMA are likewise located at this level.
by UnknownUnicorn890690
AUDSGD W1Doing this for friends, and I don't really trade this pair, at least not yet. :D I'm looking at 0.9828 as the major support level and if you are waiting for lower rates, ie stronger SGD over AUD or weaker AUD over SGD I would pretty much wait for this level. The rate should achieve this level within this month. Disclaimer: Information or opinions provided herein should not be used for investment advice and do not constitute an offer to sell or solicitation of an offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. When making a decision about your investments, you should seek the advice of a professional financial adviser. All rights reserved of Forex100 Academy (Pte Ltd). No part or in whole of this report may be reproduced and disseminated without the written permission of Forex100 Academy (Pte Ltd).
by RaynLim
AUD/SGD 4H Chart: Possible change in sentimentAUD/SGD continues to trade in a long-term descending channel. The pair, however, has diminished its trading range, as it failed to overcome the 1.06 mark late in January. The Aussie has been since edging lower in a junior channel and was consolidating near 1.0124 at the time of this analysis. This level is a 2017/2018 low. The pair trading sideways for the last four days suggests that the market sentiment might change in favour of bulls soon, especially given that this area is likewise reinforced by the weekly S1 and the monthly S2. In order to confirm this scenario, the Australian Dollar has to overcome two significant resistance levels, namely, the 55– and 100-hour SMAs and the weekly PP at 1.0250 and the 200-hour SMA at 1.03. A possible upside target is a downward-sloping trend-line circa 1.0450. The pair might even climb higher to test the upper boundary of the senior channel in the 1.07/08 territory.
Long
by UnknownUnicorn890690
Bearish Thoughts on AUDSGDGot to know a wonderful lady today and we have quite a discussion on AUDSGD. Confession to that, I've never looked at this pair in the past 13yrs of my trading journey. But a chart is a chart, this is my analysis. As long as the market didn't break above and close above 1.0600, I see that the first bearish move will hit 1.0144 and the final target for this move at 0.9802. And if the purpose of this information is not use for trading, add additional 1.5% on top of the rate and banks or money changer will be offer the rate not more than 2% of the raw rate. All the best traders!
Short
by RaynLim
AUD/SGD 1H Chart: Aussie breaks channelThe Australian Dollar was trading in a channel up against the Singapore Dollar for two months. During the last week, the Aussie failed to reach its upper boundary several times —a move which was followed by a soon breakout near the 1.0503 mark. At the time of the analysis, the pair was trading near 1.0500. In case it succeeds ate reversing to the upside from this two week low, this would confirm the bottom boundary of a newly-formed ascending channel, thus pointing to a subsequent surge. The current positioning of technical indicators suggests that the Aussie might be due for a correction upwards in line with the aforementioned junior channel. A possible upside target for this session could be the combined resistance of the 100– and 200-hour SMAs, while it might reach 1.0660 within the following week. On the other hand, a bearish breakout from 1.05 should send the pair towards the 38.2% Fibo retracement and the monthly S1 at 1.0445 and 1.0425, respectively.
Long
by UnknownUnicorn890690
AUD/SGD 1H Chart: Wedge prevailsThe Australian Dollar was stranded in a six-month channel down against the Singapore Dollar prior to breaching this pattern early January. This breakout occurred after the pair reached the 2017 low of 1.0142 on December 7. As a result, it has since managed to recover some of the previous losses and return at mid-October level. The Aussie has diminished its trading range in an ascending wedge. Characteristics of this patter suggest that the rate could approach its bottom boundary in the 1.0520/40 area. The rate might even fall down to the 1.0470 mark where the 200-hour SMA and the weekly PP are located. In case this level is breached, the Aussie might be pushed towards the weekly S1 at 1.0428. On the other hand, the pair could be sent towards the monthly R2 at 1.0660 if bulls prevail.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Pair ready to breach wedgeThe Australian Dollar has appreciated against the Singapore Dollar during the past three weeks. This movement upwards has sent the pair closer to the upper boundary of a long-term channel down. If looking in the short term, the latest up-wave has been stranded in an ascending wedge. The Aussie has, however, remained near its northern boundary for several trading sessions. This suggest that it could eventually breach the weekly R1 located at 1.0401. This scenario would then push the rate towards the senior channel circa 1.0420. Meanwhile, technical indicators suggest that the rate could afterwards edge lower, thus failing to breach this mark. In case the 55-hour SMA is breached today, the Aussie is likely to stop near 1.0340.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Aussie stranded in narrow rangeAUD/SGD has been dominated by a flat descending channel since late September, 2016. The pair’s last wave down in this pattern has been stranded in two additional channels. As apparent on the hourly chart, the Aussie still falls short from the bottom boundary of the senior channel near 1.0160; thus, there is still some downside potential. The monthly S2 at 1.0227 has halted the rate on two separate occasions during the past week. This factor, together with neutral technical indicators, suggest that the strong bearish sentiment might have allayed, thus giving bulls an opportunity to take the upper hand in the nearest time. Given the fact that the pair has been confined in a narrow range between the monthly S2 and the 55-hour SMA, no significant changes might occur during this session (in case the RBA Governor Philip Lowe does not shake the market dramatically). Subsequently, appreciation is expected to follow.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Aussie moves in channelThe Aussie is trading in three channels simultaneously against the Singapore Dollar. The senior channel is more clearly apparent on the daily chart as it was formed mid-2015. Meanwhile, the medium-term descending channel has guided the pair towards the bottom line of the long-term channel during the past two months. The Aussie was trading in a wave down since October 19; however, sluggish Australian CPI data released early this morning resulted in a 74-pip plunge in just two hours. As a result, the rate is located at the bottom boundary of the most junior channel near the 1.0510 mark. This massive fall has pushed technical indicators in the strongly bearish territory. Thus, the most likely scenario favours the rate rebounding from this are and approaching a combined resistance of the 55-, 100– and 200-hour SMAs and the weekly PP near the 1.0630 mark. Given that the rate has still not reached the bottom boundary of the long-term channel, bears might prevail in the following weeks.
by UnknownUnicorn890690
AUD/SGD 1H Chart: Channel DownAUD/SGD 1H Chart: Channel Down The Australian Dollar is trading against the Singapore Dollar in a short-term descending channel, which consists of four reaction highs and three reaction lows and, thus, might be broken already by the end of the week. Historically, the currency rate made multiple attempts to break to the top. However, each time these endeavours were stopped by a combination of the 55-, 100- and 200-hour SMAs. The fact that this pair is so sensitive to the above moving averages suggests that a breakout in the northern direction is unlikely to happen. Moreover, channels are continuation patterns and, thus, should not change a recently established general downtrend. The above assumption is additionally supported by the fact that 73% of traders hold short positions on this currency pair.
by UnknownUnicorn890690