NZD/SGD Analysis, Chart, and Trading Idea
Analytics for NZD/SGD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
Bears attempted to test the support level of 0.8233 on the H4 timeframe. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The reverse pattern 'Key Reversal' has formed.
The descending truncated structure has formed on the М15 timeframe. There is a bullish divergence on the Awesome Oscillator. The early entry point 'by the truncated C' is forming.
Buy at the formation of the ascending wave structure, when the (А) wave breaches the sloping channel of the descending wave structure
Stop-loss: 0.8233 (under the local minimum of the descending structure)
Target price levels: 0.8267, 0.8300