Buying Opportunity In GBP/SGD

www.investing.com/analysis/buying-opportunity-in-gbpsgd-200458917

By FOREX IN WORLD | Aug 27, 2019 09:50AM ET

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There is a possibility of temporary retracement to suggested support line (1.6810). if so, traders can set orders based on Price Action and expect to reach short-term targets.

GBP/SGD 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 64.

Take Profits:

TP1= @ 1.7118

TP2= @ 1.7250

TP3= @ 1.7525

SL= Break below S2

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Central Banks

Interest Rates

Next Meeting

FED

0.00%-0.25%

Apr 28, 2021

ECB

0.00%

Apr 22, 2021

BOE

0.10%

May 06, 2021

SNB

-0.75%

Jun 17, 2021

RBA

0.10%

May 04, 2021

BOC

0.25%

Apr 21, 2021

RBNZ

0.25%

Apr 14, 2021

BOJ

-0.10%

Apr 27, 2021

CBR

4.50%

Apr 23, 2021

RBI

4.00%

Jun 04, 2021

PBOC

3.85%

BCB

2.75%

May 05, 2021

US 30 Futures	33,632.0	-50.0	-0.15%
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iShares Silver	23.05	-0.36	-1.54%
ProShares Ultra VIX Short-Term Futures	4.75	-0.10	-2.06%
ProShares UltraPro QQQ	106.84	-0.43	-0.40%

Apple	131.26	-1.74	-1.30%
Alphabet A	2,244.84	-25.83	-1.14%
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Netflix	552.73	-2.58	-0.46%
Facebook	311.54	-0.92	-0.29%
Bank of America	40.06	+0.07	+0.17%

Buying Opportunity In GBP/SGD

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