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

#GBPSGD
Total Profit: 350 pip
Closed trade(s): 0 pip Profit
Open trade(s): 350 pip Profit

Trade Setup:
We opened 14 BUY trades @ 1.61699 based on 'Hammer' entry method at 2022-09-07.

Open Profit:
Profit for one BUY trade is 1.61945(current price) - 1.61699(open price) = 25 pip
14 trade(s) still open, therefore total profit for open trade(s) is 25 x 14 = 350 pip

#GBPSGD
Total Profit: 350 pip
Closed trade(s): 0 pip Profit
Open trade(s): 350 pip Profit

Trade Setup:
We opened 14 BUY trades @ 1.61699 based on 'Hammer' entry method at 2022-09-07.

Open Profit:
Profit for one BUY trade is 1.61945(current price) - 1.61699(open price) = 25 pip
14 trade(s) still open, therefore total profit for open trade(s) is 25 x 14 = 350 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateSeptember 11, 2022 - 09:42
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.60018, beginning of uptrend is expected.
  • We make sure when the resistance at 1.65526 breaks.
  • If the support at 1.60018 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.60385 on 09/05/2022, so more gains to resistance(s) 1.62996, 1.64030 and maximum to Major Resistance (1.65526) 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 32.

Take Profits:

  1. 1.62996
  2. 1.64030
  3. 1.65526
  4. 1.67223
  5. 1.69696
  6. 1.70740
  7. 1.73239
  8. 1.75595
  9. 1.76968
  10. 1.78550
  11. 1.80660
  12. 1.83200
  13. 1.85050
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.