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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trade Setup
#EDOUSD
Total Profit: -4860 pip (-130%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -4860 pip Profit (-130%)

Trade Setup:
We opened 10 BUY trade(s) @ 0.3887 based on 'Valley' entry method at 2020.11.23.

Open Profit:
Profit for one trade is 0.3401(current price) - 0.3887(open price) = -486 pip (-13%)
10 trade(s) still open, therefore total profit for open trade(s) is -486 (-13%) x 10 = -4860 pip (-130%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateDecember 1, 2020 - 20:57
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.0340, beginning of uptrend is expected.
  • We make sure when the resistance at 0.4775 breaks.
  • If the support at 0.0340 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.4374 on 11/25/2020, so more losses to support(s) 0.2790, 0.2325, 0.1700 and minimum to Major Support (0.0340) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 0.4775
  2. 0.5785
  3. 0.7255
  4. 0.8230
  5. 1.0395
  6. 1.3680
  7. 2.7205
  8. 3.5300
  9. 6.8690
Click on the level to view price action history.

Symbol Released Current Forecast
Eidoo (EDOUSD) Mon, 22 Feb 2021
Eidoo (EDOUSD) Mon, 15 Feb 2021
Eidoo (EDOUSD) free Sun, 7 Feb 2021
Eidoo (EDOUSD) free Sun, 31 Jan 2021
Eidoo (EDOUSD) Wed, 13 Jan 2021