website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Eidoo technical chart
Symbol EDOUSD

Download MT4 template file

Trade Setup
#EDOUSD
Total Profit: 6936 pip (176%)
Closed trade(s): 888 pip Profit (23%)
Open trade(s): 6048 pip Profit (153%)

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

Closed Profit:
TP1 @ 0.4775 touched at 2020.12.06 with 888 pip Profit (23%).

Open Profit:
Profit for one trade is 0.4559(current price) - 0.3887(open price) = 672 pip (17%)
9 trade(s) still open, therefore total profit for open trade(s) is 672 (17%) x 9 = 6048 pip (153%)

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 8, 2020 - 19:15
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

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 trough is formed in daily chart at 0.2790 on 11/05/2020, so more gains maximum to Major Resistance (0.4775) 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 61.

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) Thu, 4 Mar 2021
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