USDSGD: Risk-On Trades Back into Play?
USDSGDTimeframe: 1D
Direction: Short
Confluences for Trade:
- Stochastic has yet to move into Oversold conditions
- Breaking Support Trendline (since April 2018)
- Fundamentally, with positivity the outcome from the temporary truce between Trump-Xi and a more dovish FED reduces the drag on global demand and is positive for the Asian region. The SGD is a trade-weighted basket and has high correlation with CNH and EUR. This two correlation will also benefit from the improved sentiment that we have.
Suggested Trade:
Entry @ Area of Interest 1.3680 - 1.3750
SL: 1.3813
TP: 1.3472
RR: Approx. 2.87 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Dagangan aktif
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.