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Weekly forecast British 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 14, 2019 - 19:35
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.77000 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) 1.8080, 1.8290, 1.8505 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 70.
Symbol Released Current Forecast
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History
Daily-Trading-Opportunities on GBPSGD.