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Weekly forecast New Zealand Dollar / Singapore Dollar technical chart
Symbol NZDSGD

Trading suggestion:

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

DateOctober 2, 2021 - 16:00
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.92750, beginning of uptrend is expected.
  • We make sure when the resistance at 0.96000 breaks.
  • If the support at 0.92750 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.9323 on 09/29/2021, so more gains to resistance(s) 0.9430, 0.9495 and maximum to Major Resistance (0.9600) 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.