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ForecastCity
May 6, 2020 8:44 PM

Don't miss the great buy opportunity in USDSGD Long

USD/SGDOANDA

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4162). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDSGD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.

Take Profits:
TP1= @ 1.4300
TP2= @ 1.4402
TP3= @ 1.4635

SL= Break below S2
Comments
Pro_Trader_007
Hey @ForecastCity you are one of the few I follow on here
ForecastCity
@Pro_Trader_007, It's our pleasure.
Shiva_forex
Your analysis is very accurate.
ForecastCity
@Shiva_forex, Thanks. we're glad you found it accurate. 🙏
Kamryn
nice chart
ForecastCity
@Kamryn, Thanks. we're glad you liked it.
Kristalyn
Thanks
ForecastCity
@Kristalyn, You're welcome! 🙏 we hope you enjoy it.
fxniki
I won't miss it for sure. I agree e with your idea. I think it's a good opportunity in USDSGD. 👍👍👍
ForecastCity
@fxniki, Great! thanks for your comment.
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