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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 28, 2021 - 00:45
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.95540, resumption of downtrend is expected.
  • We make sure when the support at 0.92750 breaks.
  • If the resistance at 0.95540 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.9567 on 11/18/2021, so more losses minimum to Major Support (0.9275) 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 31.