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Weekly forecast British Pound / Singapore Dollar technical chart
Symbol GBPSGD

Trading suggestion:

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

DateSeptember 12, 2021 - 21:29
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.89150, beginning of downtrend is expected.
  • We make sure when the support at 1.82800 breaks.
  • If the resistance at 1.89150 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 1.87569 on 2021-02-24 and the peak at 1.89147 on 2021-05-21, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 1.8912 on 07/29/2021, so more losses to support(s) 1.8505, 1.8320 and minimum to Major Support (1.8280) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 44.

Supports and Resistances:

  1. 1.8505
  2. 1.8320
  3. 1.8080
  4. 1.7955
  5. 1.7855
  6. 1.7720
  7. 1.7545
  8. 1.7310
  9. 1.7070
  10. 1.6515
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound / Singapore Dollar (GBPSGD) new free Sun, 17 Mar 2024
British Pound / Singapore Dollar (GBPSGD) free Sun, 10 Mar 2024
British Pound / Singapore Dollar (GBPSGD) free Sun, 3 Mar 2024
British Pound / Singapore Dollar (GBPSGD) free Sun, 25 Feb 2024
British Pound / Singapore Dollar (GBPSGD) Sat, 17 Feb 2024