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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.

DateNovember 14, 2021 - 00:46
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.93540, resumption of uptrend is expected.
  • We make sure when the resistance at 0.98150 breaks.
  • If the support at 0.93540 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.9658 on 11/08/2021, so more losses to support(s) 0.9479, 0.9430, 0.9355 and minimum to Major Support (0.9354) 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 43.