15 Nov - GBPSGD Analysis

GBPSGD Daily Analysis by CliveRyan on TradingView.com

What can you expect: 

  • Market to trend lower (Bearish)
    • Market to retrace at key level (Purple) 
      • Break previous low
      • Which might take quite awhile 
  • Market to trend higher (Bull)
    • Market to break the key level (Purple)
      • Retraces and retest key level before finding demand
      • Market have too broke key fibo number of 61.8 (key level of resistance)
      • Market is making strong bullish candlestick (Shows strong level of demand for the sterling)
Market seem to have a higher probability to trend upwards than downwards - Time will tell!

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