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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.
DateMay 8, 2022 - 20:37
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.78550 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 1.78140 on 04/20/2022, so more losses to support(s) 1.70700, 1.69040, 1.65150 and more depths 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 27.

Supports and Resistances:

  1. 1.85050
  2. 1.83200
  3. 1.80660
  4. 1.78550
  5. 1.76968
  6. 1.75595
  7. 1.72289
  8. 1.65150
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.