@moneyandcharts

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Avg. Quality

80

Success Rate

12.12

Analysis

66
Correct
8
Fail
31
Pending
26
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
SGDMYR
Short Entry 3.2860 2025-06-07 13:39 UTC
Target 3.2053 Fail 3.3500
Risk/Reward 1 : 1
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SGDMYR
Pending
Forex
Technical
1H
Analysis Predict Bear Market
The analysis reviews several previously covered forex pairs and stocks. For SGDMYR, a head and shoulders top pattern is observed, indicating a continued downward bias with a neckline at 3.2053. Upside rejection is noted by the Ichimoku Cloud and 20-week SMA. USDBRL has completed a bearish head and shoulders pattern, with a textbook target at 4.9543, allowing for rebounds at support levels of 5.2871 and 5.4063. Adidas is in a correction phase within a rising wedge, with expected rejection by the cloud resistance and a textbook target remaining at 168.55. Qualcomm completed a head and shoulders top, with a textbook target at 80.59. A correction phase is underway but nearing completion with price action potentially returning below the neckline to resume the bearish trend. Tesla and Novo Nordisk are ceased coverage.
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