💡Don't miss the great sell opportunity in SGDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (86.44).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SGDJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 86.18
TP2= @ 85.95
TP3= @ 85.59
TP4= @ 85.20
TP5= @ 84.77
SL: Break Above R2
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Sgd-jpy
💡Don't miss the great sell opportunity in SGDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (80.89).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SGDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 20.
Take Profits:
TP1= @ 80.04
TP2= @ 79.81
TP3= @ 79.68
TP4= @ 79.29
TP5= @ 79.01
SL: Break Above R2
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💡Don't miss the great sell opportunity in SGDJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (81.50).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SGDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 38
Take Profits:
TP1= @ 81.350
TP2= @ 81.180
TP3= @ 81.060
TP4= @ 80.840
TP5= @ 80.630
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in SGDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (75.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. SGDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 75.65
TP2= @ 76.10
TP3= @ 77.18
SL= Break below S2
A Great Weekly Forecast and Technical Analysis for SGDJPYMidterm forecast:
78.70 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 77.10 on 10/03/2019, so more gains to resistance(s) 79.75, 80.85, 81.65 and more heights 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 65.
Trading suggestion:
By appearing primary signs of entering the market, new entry zone and short-term targets would be published.