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

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

Trade Setup:
We opened 9 BUY trades @ 0.83854 based on 'Valley' entry method at 2023-03-17.

Open Profit:
Profit for one BUY trade is 0.83854(current price) - 0.83854(open price) = 0 pip
9 trade(s) still open, therefore total profit for open trade(s) is 0 x 9 = 0 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.
DateMarch 19, 2023 - 01:36
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.81906, beginning of uptrend is expected.
  • We make sure when the resistance at 0.88291 breaks.
  • If the support at 0.81906 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.82215 on 03/09/2023, so more gains to resistance(s) 0.84463, 0.85184, 0.85971 and maximum to Major Resistance (0.88291) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Take Profits:

  1. 0.84463
  2. 0.85184
  3. 0.85971
  4. 0.86881
  5. 0.88291
  6. 0.89824
  7. 0.92729
  8. 0.94691
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 14 Apr 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 7 Apr 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 31 Mar 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 24 Mar 2024
New Zealand Dollar / Singapore Dollar (NZDSGD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NZDSGD.