TradeDayOnline

CADSGD technically oversold

Long
TradeDayOnline Updated   
OANDA:CADSGD   CAD/SGD
LONG - CADSGD
SL: 1.02069 (Suggested by our algorithmic system)
TP: 1.03173 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Stochastic and RSI indicators suggests this currency pair is oversold

2. RSI and On Balance Volume indicators is showing bullish divergence

Caution: MACD is still showing bearish momentum

---------- Chart Drawings ----------

Blue Dotted Line: Broken Support Trendline
Red Solid Line: Resistance Trendline
Blue Arrow Line: Bullish Divergence
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system

Trade idea from our mobile app: ibb.co/MDfhNzx (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!
Trade closed manually:
Please adjust your SL to avoid loss and to lock in some profits.

Our app has closed the trade but I suggest moving the SL to 1.025 to give it some room to jump up again.

Screenshot from our app: ibb.co/zSBKmjM
Trade closed: target reached
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