British Pound is weakening against Singapore DollarHello Everyone! the British Pound has reached its daily resistance area that is 1.67488, it looks weak and also the overall trend is bearish on higher timeframes thus we expect it to move to 1.63916 zone in the short term. Long term target is 1.60006
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Gbpsgdsell
ANALYSIS OF GBPSGD 2.12.2019The 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 1.7710
• Take Profit Level: 1.7850 (140 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.7535
• Take Profit Level: 1.7485 (50 pips)
USDJPY
A possible long position at the breakout of the level 109.70
GOLD
A possible short position in the breakdown of the level 1452.00
USDCHF
A possible long position at the breakout of the level 1.0010
EURUSD
A possible long position at the breakout of the level 1.1030
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GBPSGD approaching support, potential for a bounce!
GBPSGD is expected to drop to 1st support at 1.72191 where it could potentially react off and up to 1st resistance at 1.73065.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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