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Weekly forecast British Pound / Singapore Dollar technical chart
Symbol GBPSGD
Trade Setup

#GBPSGD
Total Loss: 3410 pip
Closed trade(s): 3410 pip Loss

Trade Setup:
We opened 10 BUY trades @ 1.6787 based on 'Valley' entry method at 2022-07-27.

Closed Loss:
SL @ 1.64458 touched at 2022-08-19 with 3410 pip Loss.
Loss for one BUY trade is 1.6787(open price) - 1.64458(close price) = 341 pip
Therefore total loss for trades is 341 x 10 = 3410 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateSeptember 4, 2022 - 10:38
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.65623 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.68990 on 08/01/2022, so more losses to 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 18.

Supports and Resistances:

  1. 1.85050
  2. 1.83200
  3. 1.80660
  4. 1.78550
  5. 1.76968
  6. 1.75595
  7. 1.73239
  8. 1.70740
  9. 1.69696
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.