Sgd/jpy

tomorton

Legendary member
8,172 1,239
A pair most of us won't often look at. Has a long long uptrend since mid-2012 but has been range-bound most of this year below its all-time high in December.

Now showing signs of breaking out back into uptrend, nice pull-back overnight has let me in with a deliberately small position, which I am hoping to pyramid if chart resumes a nice steady climb.
 

tomorton

Legendary member
8,172 1,239
Disappointing end to the week but has fallen back into range so there should be lots of support at 87 or higher. Touching here would leave the uptrend safe so still worth watching.
 

fxstrategist

Established member
603 16
Interesting pair, the other pair that I follow at times is the USDSGD, which has had a very good rally.
 

gerryg

Established member
900 6
A pair most of us won't often look at. Has a long long uptrend since mid-2012 but has been range-bound most of this year below its all-time high in December.

Now showing signs of breaking out back into uptrend, nice pull-back overnight has let me in with a deliberately small position, which I am hoping to pyramid if chart resumes a nice steady climb.

Don't see that in my broker platform.:|
But myFXbook shows significant difference in spreads - 2.5 pips, 10 pips, 28 pips.
Why??
 

bredin

Member
80 20
Don't see that in my broker platform.:|
But myFXbook shows significant difference in spreads - 2.5 pips, 10 pips, 28 pips.
Why??

Singapore Dollar. Most trades in SGD will happen during the asian session. outside those times the spread will be wider.

Like the way HUF (Hungarian Florint) has a huge spread outside of the london session.

G.
 

gerryg

Established member
900 6
Singapore Dollar. Most trades in SGD will happen during the asian session. outside those times the spread will be wider.

Like the way HUF (Hungarian Florint) has a huge spread outside of the london session.

G.

I was checking during Asian session and spreads was so different. This pair is definitely too ill-liquid :)
 

tomorton

Legendary member
8,172 1,239
Yes, this is a less liquid forex pair and not often commented on in any media. But all these things are relative. Since the SNB made a claim for fame, I see all the CHF pairs have a spread almost as wide with my SB provider, wider in one case. Incidentally, the widest spread on any forex pairs I see them offering is 0.1% during the London session: I'm sure some competitors might do as well or better.
 

tomorton

Legendary member
8,172 1,239
This pair up over 2% since start of the thread. Its quite possible we'll get a pull-back very soon but with a supportive base at the low of 13/04 that's just another opportunity to get in.
 

tomorton

Legendary member
8,172 1,239
Ranging sideways since last post but seems to have found support at round number 90.00 and printed a nice hanging man on the weekly candles. Could be another long entry opportunity.
 

fxstrategist

Established member
603 16
The USDSGD has touched a good resistance at the 1.3400 level. Price may try to bounce to the downside. Lets see.
 

tomorton

Legendary member
8,172 1,239
Price respected the swing low of 07/05 after my last post and has marched upwards nicely since.

We may range sideways a little now on the late December 2014 highs but I expect them to be tested and broken, then on to test the all-time high. Still time to get long early and "ride the range" or wait a bit for a pull-back.
 

alexaherself

Established member
560 149
Noted your comments about the December high (92.13), but on the other hand, we're now close to a possible resistance-level at about 91.30? This (purple line) had four touches between November and January, on the weekly chart (below).

It would even perhaps be possible to interpret resistance there as a possible 3-point of a large 1-2-3 formation (of which the 1-point was the December high and the 2-point the early February low of 86.35?
 

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