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GBPSGD

Analysis on GBPSGD 6.09.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.7085 • Take Profit Level: 1.7200 (115 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.7000 • Take Profit Level: 1.6950 (50 pips) USDJPY A possible long position at the breakout of the level 107.25 EURUSD A possible long position at the breakout of the level 1.1050 USDCHF A possible long position at the breakout of the level 0.9880 GBPUSD A possible long position at the breakout of the level 1.2355
by PaxForex
Don't miss the great buy opportunity in GBPSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6908). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 64. Take Profits: TP1= @ 1.7118 TP2= @ 1.7250 TP3= @ 1.7525 SL= Break below S2
Long
by ForecastCity
Don't miss the great buy opportunity in GBPSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6908). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 64. Take Profits: TP1= @ 1.7118 TP2= @ 1.7250 TP3= @ 1.7525 SL= Break below S2
Long
by ForecastCity
2
GBP/SGD SHORTThe Great British pound vs Singapore dollar currency pair is in a massive downtrend on the higher (daily and weekly) timeframes, and it is forming a symmetrical (isometric) triangle on the lower timeframes. Now it is important to note that there is going to be a lot of noise on the pound pairs for the coming weeks due to ongoing Brexit woes, but sell orders on this pair are a much safer bet considering the lack of confidence in what Theresa May can deliver to the British people. This symmetrical triangle is a signal for selling this market since the higher timeframes show a downtrend. As always, wait for a breakout before doing anything you will regret.
Short
by munyaelliott
GBP SGD Forecast: Intraday Timeframe AnalysisThe Conclusion for today’s GBP SGD forecast: Current price swing should reach between 1.77324 and 1.76335. Resistance is offered by the upper boundary of the bearish channel at ~1.80192 upon price closing above 1.77324. Over 8 months of price action is investigated on the 4 hour timeframe of the GBPSGD from a price peak on April 17, 2018 to current date. A bearish price channel is used to capture price action for the duration mentioned, with 1.69961 marking the bottom of the channel. 1.77324 and 1.76335 offers resistance for price and therefore price retesting the 1.69961. A break above the upper boundary of the resistance also needs to be considered as it presents the potential for price to target ~1.80192 which is the extreme of the bearish channel to the upside.
by Coin_Analyst