ForecastCity

A trading opportunity to buy in GBPSGD

看多
OANDA:GBPSGD   GBP/SGD
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.7190 to 1.7070). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

. Beginning of entry zone (1.7190)
. Ending of entry zone (1.7070)

Midterm forecast:
While the price is above the support 1.7070, beginning of uptrend is expected.
We make sure when the resistance at 1.7720 breaks.
If the support at 1.7070 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
The RSI bounced from the support #1 at 35 and it prevented price from more losses.
A trough is formed in daily chart at 1.7070 on 06/29/2020, so more gains to resistance(s) 1.7430, 1.7605 and maximum to Major Resistance (1.7720) 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 49.

Take Profits:
TP1= 1.7430
TP2= 1.7605
TP3= 1.7720
TP4= 1.7855
TP5= 1.8080
TP6= 1.8275
TP7= Free

High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas

✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007

FREE Telegram 👉 t.me/forecastcity_com
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。