Short NZDSGDBulls have taken over. Series of LH and LL as per Dow theory. Double top formed. Would expect bullish behavior
NZDSGD trade ideas
NZDSGD LONG SETUPNZDSGD has reached a good weekly demand area, in recent price action we can see a change of character to the upside, I've marked a good area of interest and I will be waiting for price to gravitate back to this AOI to make a trading decision. There's a potential Gartley pattern developing, It's last leg complete at AOI and this probable market structure would add a strong confluence to a bulls
NZD/SGD: GARTLEY PATTERN FORMATION - SHORT TRIGGER Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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Currency pair analysis nzdsgdIt is possible to reach the target by combining strategies 1 and 2 myself
sell setup forming on NZDSGDpotential sell setup on NZDSGD. the pair breakout from the support now back to retest the support level. i descent sell off is expected.
NZDSGD analysisHello, a complete service to capital market analysts
NZDSGD analysis
As you can see, this currency pair has rejected its resistance. I expect this currency pair to grow to the previous level
NZD/SGD : FORECAST FUNDAMENTAL ANALYSIS + NEXT TARGET POINTThe New Zealand Trade Balance for August was reported at -NZ$2,144M monthly and at -NZ$2,940M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for July, reported at -NZ$397M monthly and -NZ$1,100M 12-month year-to-date. Exports for August were reported at NZ$4.35B and Imports at NZ$6.49B. Forex traders can compare this to Exports for July, reported at NZ$5.77B, and Imports, reported at NZ$6.17B.
Singapore Industrial Production for August increased 5.7% monthly and 11.2% annualized. Economists predicted an increase of 3.1% and 8.8%. Forex traders can compare this to Singapore Industrial Production for July, which decreased 2.8% monthly and increased 16.4% annualized.
The forecast for the NZD/SGD remains bearish after this currency pair has reached the top of its descending price channel.
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multiple weak rejections the trend is to the downside
level, previous support turned resistance
signal, multiple weak rejections
possible shorttrend, is to the downside
level, price has broken our support level after pullback i expect a nice short
bullisham looking for a buy on the smaller time frame continuation correction as the market is out of bigger time frame resistance trend line...
il upload a video doing the whole analyze..
ascending triangle ascending triangle
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Every time when the market breaks out through a certain resistance or support level, there will be a pullback sooner or later. If the price returns to a few pips of the entry point and tests it, this is called a breakout test.
NZDSGD - Queue and chillPrice has moved aggressively out of consolidation.
Awaiting price to revisit point of breakthrough for a 1:1 trade.
after retracement am going long the price is making higher higher and higher lows
after the retracement, i will monitoring the price action on the hourly time frame.if the momentum will shift from bearish to bullish i will be taking a nice long with good risk toreward
NZDSGD I expect NZDSGD to continue pushing down from the local support also considering that the price had breached a wedge correction.
SGDNZD kept dropping like a rock.But may be more or less at the end of the latest fractal pattern. I am reluctant to determine goals at this stage, as we have moved relatively alot and relatively over a significant period of time. Still, no pivot in sight, and unless we see a hard reset we may enter the nebulous territory of so called X waves. I am watching this one intently.
