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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.

DateFebruary 13, 2021 - 21:49
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 1.70700, continuation of uptrend is expected.
  • We make sure when the resistance at 1.83550 breaks.
  • If the support at 1.70700 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.7655 on 12/18/2020, so more gains maximum to Major Resistance (1.8355) 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.

Supports and Resistances:

  1. 1.8110
  2. 1.7955
  3. 1.7720
  4. 1.7545
  5. 1.7310
  6. 1.7070
  7. 1.6515
Click on the level to view price action history.