PaxForex

ANALYSIS OF GBPSGD 2.12.2019

OANDA:GBPSGD   GBP/SGD
The 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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