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Weekly forecast British Pound / Singapore Dollar technical chart
Symbol GBPSGD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.8160 to 1.8275). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.8160)
    • Resistance on 09/05/2016
    • Resistance on 05/12/2017
    • Resistance on 05/18/2017
    • Support on 09/22/2017
    • Support on 09/25/2017
    • Support on 09/26/2017
    • Support on 09/27/2017
    • Support on 09/29/2017
    • Resistance on 10/02/2017
    • Resistance on 12/04/2017
    • Resistance on 12/05/2017
    • Resistance on 01/12/2018
    • Support on 03/02/2018
    • Support on 03/05/2018
    • Support on 03/08/2018
    • Support on 03/09/2018
    • Support on 04/30/2018
    • Resistance on 05/08/2018
    • Resistance on 05/15/2018
    • Resistance on 05/16/2018
    • Resistance on 05/17/2018
    • Resistance on 10/08/2018
    • Resistance on 10/09/2018
    • Resistance on 10/16/2018
    • Resistance on 12/13/2019
    • Resistance on 12/16/2019
  • Ending of entry zone (1.8275)
    • Resistance on 05/09/2017
    • Resistance on 05/10/2017
    • Resistance on 05/11/2017
    • Resistance on 09/15/2017
    • Resistance on 09/18/2017
    • Resistance on 09/19/2017
    • Resistance on 09/20/2017
    • Resistance on 09/25/2017
    • Resistance on 09/26/2017
    • Resistance on 09/28/2017
    • Resistance on 12/08/2017
    • Support on 02/12/2018
    • Support on 02/13/2018
    • Support on 02/14/2018
    • Resistance on 03/05/2018
    • Resistance on 03/06/2018
    • Resistance on 03/07/2018
    • Resistance on 03/08/2018
    • Resistance on 03/12/2018
    • Support on 03/16/2018
    • Resistance on 05/01/2018
    • Resistance on 05/10/2018
    • Resistance on 10/11/2018
    • Resistance on 12/13/2019
DateFebruary 15, 2020 - 18:00
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.88050, beginning of downtrend is expected.
  • We make sure when the support at 1.74300 breaks.
  • If the resistance at 1.88050 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.7452 on 01/20/2020, so more gains to resistance(s) 1.8160, 1.8275, 1.8505 and maximum to Major Resistance (1.8805) 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 68.

Take Profits:

  1. 1.8030
  2. 1.7860
  3. 1.7625
  4. 1.7430
  5. 1.7230
  6. 1.7105
  7. 1.6895
  8. 1.6580
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Singapore Dollar (GBPSGD) free Sun, 14 Apr 2024
British Pound / Singapore Dollar (GBPSGD) Sun, 7 Apr 2024
British Pound / Singapore Dollar (GBPSGD) free Sat, 30 Mar 2024
British Pound / Singapore Dollar (GBPSGD) Sun, 24 Mar 2024
British Pound / Singapore Dollar (GBPSGD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPSGD.