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EUR/SGD Trend Down

Monthly time frame EMA21 and EMA55 show a strong trend down. RSI = 4 level and trend lines directly above the price.Weeklu time frame, the RSI has failed for a long time to be in the zone above the 50 level, and now has returned below the 50 level. Price is currently between EMA21 and EMA55 zone. I expect the next few days break below EMA21 and the continuation of a trend which is down waiting for nearly two months. On the weekly chart also formed figure channel and the price is closer to the to…
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ivanbgd 24 Out

4.  comment:  RSI indicator is very low, around 35 level on the H4 time frame. This indicates that the trend is down, or possible correction comes. The price is just above the target level. The coming days will be interesting to see where the price further.

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Yuliya_N 25 Out

Good luck

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ivanbgd 25 Out

5. comment:  Great place where today the price was, more precisely near the target level. A slight trend down continues and the price is now the closest target. RSI indicator is around 35 level, so the correction may soon be seen.

tarak807 avatar
tarak807 26 Out

good

fx211pips avatar

SGD is an interesting currency

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Trend down for EUR/SGD

The indicators on the weekly chart show SHORT, and the Daily chart shows also SHORT, and sentiment is 50% short. EUR / SGD Technical Analysis: Members' Sentiments: Bullish50% Bearish50% Daily chart: RSI (14) Sell 31,189 STOCH (9,6) Sell 28,514 STOCHRSI (14) 33275 Sell MACD (12,26) -0013 Sell ADX (14) 77 064 Oversold Williams% R Oversold -83,239 CCI (14) -122.8070 Sell ATR (14) Less Volatility 0.0161 Highs / Lows (14) -0.0263 Sell Ultimate Oscillator 40.740 Sell ROC -3518 Sell Bull / Bear Power …
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ivanbgd 22 Out

1.comment:  Price continues to move in the channel below. Target level every day is getting closer, and I hope it will continue doing so until November 3 . Target level is above the trend line support.

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ivanbgd 30 Out

2.comment:    Price is in the channel below the daily time frame and continues to move close to the target level. I did not expect this situation for this currency pair, but I hope as close to the level of the target level. Channel support is below the target level.

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Continues to trend down

The currency pair EUR / SGD is slightly inclined and the price is within the large channel up to the weekly chart . If we look at per month timeframe , price is the long trend , however , the trend indicator ADX is falling below 25 - indicating the change in price movements , SMA 55 is broken but not significantly . In the long term , this strong resistance will only show . On the weekly chart the price several times since returning to the top. Chart candles reminiscent of the formation of three…
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ivanbgd 8 Jun

2.comment:        Weekly chart, the channel formed by the above figures and the price broke support. The price is close to the target level, but it's not so good because it's still 20 days left until the end. The next period will show how strong the trend is down. ADX = 20 in the fall, which could initiate the retention of movement.

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ivanbgd 8 Jun

3.comment:        Certainly the figure formed Triple Top and okivano is moving down, however I have set a very short target and now he's reached.

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ivanbgd 29 Jun

4.comment:      Daily time frame and channel formed figure below, the price is in that zone. Since she refused to support the figures now continues on his way up. There is half of that time. Target is just below the resistance.

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ivanbgd 30 Jun

5.comment:  Daily time frame, the figure formed channel down which has substantial support and resistance level. Price is on the road to resistance trend line of the channel. Target is just below the resistance. Also, the movement of the above is supported by the indicator sup ​​/ dem and strong support from the blue zone. I expect more developments in this long for the remaining two days and approaching the target level.

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ivanbgd 1 Jul

6.comment:      Price continues to move up and is still in the zone of the channel. First resistance, if we observe the H4 timeframe, the 1.71316 level (red zone - sup / dem indicator), and the second resistance level is 1.71333 (red zone). The trend is particularly strong ADX = 16 but in the week time-frame ADX> 20 . I think that's enough for another movement up in the coming hours to the most important resistance trend line of the channel down.

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Established figure on the weekly time frame

This currency pair is moving to buy trend for a longer period, however, it may be noted that the weekly time frame established figure channel up, and the price just below the channel resistance. Although ADX indicates a higher level of 25, if you look at the monthly time frame, the picture looks a little different. ADX drops below 25, the price is just below the resistance level Bband. This indicates a trend change for some time. Other indicators show the following: RSI (14) 54 879 Neutral STOCH…
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ivanbgd 25 Abr

3.comment:        This currency pair, after breaking figures triangle on the daily time frame, and expectations that prices move in the sell, it has no significant trends and price is in the zone 150-200 pips up and down. Next week will be crucial for more movement in and sell at least of partly paying off the price of a few days ago, which will suit me because of the proximity of the target level.

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ivanbgd 27 Abr

4.comment:      I will now comment on H4 timeframe for this currency pair, because it fits with the time that is left until the end. At this time frame is formed figure channel up, which is a gentle ascent, and the price is currently turned from above resistance level, and the next day tends to be moving down to support level. If there is a breaking support channel, prices will again test the 38.2% Fibonacci support level is broken earlier.

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ivanbgd 29 Abr

5.comment:      Finally, the price after breaking figure triangle on the daily time frame and seven-day uptrend, the price is still in a strong running jump to the down. Probably in the next few hours price make another step towards the target down. I expect this turn of events because it just above this level is strong resistance level fibonacci 38.2%. Reaction to this support will probably take a few days.

Dinka avatar
Dinka 30 Abr

A very thorough analysis! good job :)

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ivanbgd 1 Maio

The current price difference between the predicted and the current is 0.6%, and there is potential to reduce the percentage of difference during the day, for the next few hours. I hope the percentage will be around 0.2%.

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