Good opportunities for entry next week. Forex Weekly Technical Analysis based on the Support, Resistance levels, Trend lines, EMA. (Forex weekly forecast by Camilo R.)
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CAD/CHF Weekly Forecast
At monthly chart we must care about the downtrend line, a resistance line at 0.87600 and a support area at 0.7800.
There is nothing really important at weekly chart.
At daily chart we can see last week the price broke a strong support area with the uptrend line and the EMA72. There is a weak support zone some pips bellow at 0.8220 who probably don’t will hold the price. The next important support area is at 0.7800.
At monthly chart wee see the price between a support an a resistance area, the resistance at 179.00 and the support at 160.00.
The weekly chart show us a uptrend line near the actual price.
At daily chart a triangle in confluence with EMA72 was broke, the weekly trend line is some pips bellow, if the price break the trend line he probably will go the monthly support at 160.00.
USD/SGD Weekly Forecast
At monthly chart we see a downtrend line formed since 2002 and the historical low at 1.1990.
At weekly chart we see the price at a triangle and a support area around 1.2380.
At daily chart the price after touch the strong area of support at 1.23800 broke the downtrend line. If this week the price be able to break the daily resistance at 1.2580 he probably will stop only at the up line of the triangle.
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