💡Don't miss the great buy opportunity in USDSGD

OANDA:USDSGD   U.S. Dollar / Singapore Dollar
Midterm forecast:
While the price is above the support 1.2995, beginning of uptrend is expected.
We make sure when the resistance at 1.3460 breaks.
If the support at 1.2995 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 1.3146 on 01 /06/2021, so more gains to resistance(s) 1.3335, 1.3390 and maximum to Major Resistance (1.3460) 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 53.

Take Profits:
TP1 @ 1.3335
TP2 @ 1.3390
TP3 @ 1.3460
TP4 @ 1.3675
TP5 @ 1.3785
TP6 @ 1.4035
TP7 @ 1.4635
TP8 Free

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Brilliant explanation. Thank you
+3 Reply
ForecastCity carefulOwl22772
@carefulOwl22772, You're very welcome!
We hope you enjoy it.
Great shout! Hopefully overnight we will c a more off a long trend rising up
+2 Reply
@PrxzFX, Thanks for your support. We appreciate it 🌹
That's a great update. Very helpful. Thanks 🙏
+2 Reply
ForecastCity davidgolandak
@davidgolandak, We're happy to help! .🌹
@ForecastCity you are the right choice.👍
+1 Reply
@Kamryn, Thanks 👍
I should always keep an eye on your ideas. You're right most of the time.
+1 Reply