22 SEPTEMBER 2021

SPOTLIGHT

INSTRUMENT: GBP/SGD DAILY TF
ANALYSIS: On the Daily time frame, the price ended the uptrend with a double top formation and reversed downward. The price has broken below the minor support level and has retest the 50Ema. We would be expecting further downtrend toward the next support level at 1.83079. A rise above 1.86510 invalidates the analysis.
PREFERENCE: Bearish

INSTRUMENT: GBP/AUD 6HR TF
ANALYSIS: On the 6hrs time frame, the price reacted to the resistance level at 1.89547. We would be expecting the price to retest the 200Exponential moving average and continue its uptrend towards the psychological level at 1.900000. A fall below 1.86939 invalidates the analysis.
PREFERENCE: Neutral

INSTRUMENT: GBP/NOK 4HR TF
ANALYSIS: On the 4hr timeframe the price retraced into the territory of wave 4 and retest the 100Exponential moving average. In line with our prior analysis, we would be expecting further down trend toward the support level and continue its downtrend toward 11.75941.
PREFERENCE: Bearish

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