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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.1935 to 0.1700). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 0.270, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.270 and expect to reach short-term targets.

  • Beginning of entry zone (0.1935)
    • Support on 10/09/2019
    • Support on 10/10/2019
    • Support on 11/25/2019
    • Support on 12/18/2019
    • Support on 12/19/2019
    • Support on 12/20/2019
    • Support on 12/23/2019
    • Support on 12/24/2019
    • Support on 12/25/2019
    • Support on 12/26/2019
    • Support on 12/27/2019
    • Support on 12/28/2019
    • Support on 12/29/2019
    • Support on 01/05/2020
    • Support on 01/06/2020
    • Resistance on 01/08/2020
    • Resistance on 01/09/2020
    • Resistance on 01/11/2020
    • Resistance on 01/12/2020
    • Resistance on 01/14/2020
    • Resistance on 01/18/2020
    • Resistance on 01/21/2020
    • Resistance on 01/22/2020
    • Resistance on 01/23/2020
    • Resistance on 01/24/2020
    • Resistance on 01/25/2020
    • Resistance on 01/28/2020
    • Resistance on 01/29/2020
    • Resistance on 01/30/2020
    • Resistance on 01/31/2020
    • Resistance on 02/01/2020
    • Support on 02/03/2020
    • Support on 02/04/2020
    • Support on 02/05/2020
    • Support on 02/06/2020
  • Ending of entry zone (0.1700)
    • Support on 11/25/2019
    • Support on 01/08/2020
    • Support on 01/10/2020
    • Support on 01/14/2020
    • Support on 01/15/2020
DateFebruary 23, 2020 - 16:52
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.5785 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 0.1675 on 11/25/2019, so more gains to resistance(s) 0.2700, 0.3700, 0.4775 and maximum to Major Resistance (0.5785) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

Take Profits:

  1. 0.3700
  2. 0.4775
  3. 0.5785
  4. 0.8230
  5. 1.0395
  6. 1.4515
  7. 2.7205
  8. 3.5300
  9. 6.8690
Click on the level to view price action history.
Symbol Released Current Forecast
Eidoo (EDOUSD) Sun, 19 Sep 2021
Eidoo (EDOUSD) Sun, 12 Sep 2021
Eidoo (EDOUSD) Sun, 5 Sep 2021
Eidoo (EDOUSD) Sat, 28 Aug 2021
Eidoo (EDOUSD) Sat, 21 Aug 2021
History
Daily-Trading-Opportunities on EDOUSD.