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Weekly forecast Great Britain Pound / Singapore Dollar technical chart
Symbol GBPSGD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateDecember 7, 2019 - 17:46
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 1.7700 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.7480 on 11/22/2019, so more gains to resistance(s) 1.7925, 1.8080, 1.8290 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 69.