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Long term bias is still bullish

Ucef Przesłano 31 Mar jako Analiza USD/SGD, Cel: 1.3434, Data: 1 z Maj, 12:00 GMT  w #Technical analysis #USD/SGD #Harmonic Trading #Bullish Bias #Fibonacci Level #Channel Lines
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 1.3434.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger…
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Bearish harmonic pattern

Ucef Przesłano 29 Luty jako Analiza USD/SGD, Cel: 1.3766, Data: 1 z Kwiecień, 12:00 GMT  w #Technical analysis #USD/SGD #Harmonic Trading #Bearish Signs #Fibonacci Levels #Channel Down
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 1.3766.
However, if bullish ca…
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Ucef 29 Mar

Update: The pair didn't make significant movement yesterday but overall still able to maintain its bullish bias and still prints higher high and low on daily chart.
The bias remains bullish in nearest term testing a resistance line, which remains a good place to sell with a tight stop loss as a clear break above the daily close could trigger further bullish scenario testing the daily open or higher.
Immediate support remains around weakly open. A clear break below that area could lead price to neutral zone in nearest term.

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Ucef 29 Mar

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