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Singapore Dollar Oversold on Bigger Timeframes

fxsurprise8 Przesłano 31 Lip jako Analiza USD/SGD, Cel: 1.3559, Data: 1 z Wrzesień, 12:00 GMT  w #Technical analysis #SGD #USD/SGD #Down Trend #Us Dollar #Singapore Dollar #Oversold #Stochastic Indicator #Range Bound #Below 20
The Singapore Dollar seems to be oversold on all the bigger timeframes. The pair from a high of over 1.4500 to 1.3500 right now. This is a large move for a currency that mostly follows the USD.
On the first weekly chart above we are seeing that the USD/SGD is already oversold on the weekly charts. The 5,3,3 Stochastic Oscillator is printing values below 20, indicating that the selling may be overdone.
On the second chart below we are seeing a similar situation on the daily chart, with values bel…
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fxsurprise8 avatar
fxsurprise8 2 Wrz

Everything went according to plan with my forecast. The pair spent the month of August in a range, as can be seen on the chart above.

The August price action is marked with a rectangle on the picture. We opened the month at 1.35742 and closed it at 1.35729, a percentage change of less then 0.01%.

My forecast bet on the pair staying near the what was then the current market price of 1.3559. at 12:00 on September 1st the pair was trading at 1.35451. This is a percentage difference of only 0.10%.

(more below)

fxsurprise8 avatar
fxsurprise8 2 Wrz

Overall the intra-month price action suit the forecast too. The monthly high stands at 1.3688 and the low at 1.3504.

This is only 184 pips or a percentage variation of only 1.34%, fairly low even for the forex market. Furthermore as we see in the picture in my previous comment, the lows got quickly bought up and the highs got sold.

This suits in the narrative presented in the opening post of price being oversold and stuck in the main downward trend. These two conflicting forces kept the USD/SGD in a range during August. Overall a solid analysis that panned out nicely.

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Aussie Going Back to 0.7500

fxsurprise8 Przesłano 31 Gru jako Analiza AUD/USD, Cel: 0.7489, Data: 1 z Luty, 12:00 GMT  w #Technical analysis #AUD #USD #AUD/USD #Aussie #Us Dollar #Bullish Bias #Oversold #Stochastic #Average True Range
The Aussie is nearing oversold levels. On the daily chart below we can see that the pair dipped below the 20 level in the Stoch (8,3,3) and is now moving higher. This confirms a bullish signal for this pair.
A similar situation can be seen on the hourly chart below, although here the bullish scenario has been underway for several bars now. Notice how the pair rallied shortly after the dip below 20 and the move back above it.
Now let’s talk about the target. We’re currently quoted at 0.7222. Wi…
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Elens94 avatar
Elens94 1 Sty

great!

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Cable Back in Oversold Territory

fxsurprise8 Przesłano 31 Gru jako Analiza GBP/USD, Cel: 1.2781, Data: 1 z Luty, 12:00 GMT  w #Technical analysis #GBP #USD #GBP/USD #Us Dollar #Pound #Oversold #Stochastic #Average True Range #Timeframes
Cable is back in oversold territory. Let’s take a look at tour first chart below. Notice how on the daily chart the Stoch (5,3,3) dipped below the 20 figure. This is considered oversold in technical analysis. The climb back above the level confirms the ‘buy’ signal.
Our second chart below shows a similar oversold pattern but one that has run its course further then on the daily chart. Here the dip and climb back above the 20 level happened few bars ago.
I’m targeting 1.2781. This is right belo…
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EURo Should Stablize in January

fxsurprise8 Przesłano 31 Gru jako Analiza EUR/USD, Cel: 1.05181, Data: 1 z Luty, 12:00 GMT  w #Technical analysis #Euro #Europe #EUR/USD #Oversold #Us Dolar #Range Bound #Stochastic
Europe's single currency could finally stabilize in January. On the weekly chart below we can see that the trend has been down. But the Stochastic Oscillator is flashing oversold level at only 10. This means that the downtrend could be on its last legs.
On our next chart below we see that the EUR/USD had a surge of buying as we trade close to support. This happened soon after prices hit a low of 1.0372, which is very close to the monthly low at 1.0352. A high of 1.0652 was hit during the frenzie…
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Calmer Month for Canadian Dollar

fxsurprise8 Przesłano 30 Kwi jako Analiza USD/CAD, Cel: 1.2552, Data: 1 z Czerwiec, 12:00 GMT  w #Technical analysis #CAD #USD/CAD #Trends #Us Dollar #Canadian Dollar #Loonie #Oversold #Calmer
The USD/CAD had a wild ride for the past year. Initially it rallied strongly on US Dollar strength then fell as Oil (a major CAD export) recovered. On the first pic we can see that after a the large decline the charts are finally flashing oversold. Furthermore we've now ticked up from the 20 Stochastic level and heading higher, added confirmation that we may see an end to the losses.
An added supporting factor for a bounce higher is that the long-term trend is still up. On the second chart we ca…
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wisdom_consultant avatar
wisdom_consultant 25 Maj

maybe...

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