website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Singapore Dollar / Japanese Yen technical chart
Symbol SGDJPY

Download MT4 template file

Trading suggestion:

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

DateMay 9, 2020 - 21:08
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 73.050, beginning of uptrend is expected.
  • We make sure when the resistance at 78.600 breaks.
  • If the support at 73.050 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 74.40 on 05/07/2020, so more gains to resistance(s) 75.80, 77.10 and maximum to Major Resistance (78.60) 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 48.