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Weekly forecast ETP technical chart
Symbol ETPUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.3140 to 0.2500). 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 0.500, 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 0.500 and expect to reach short-term targets.

  • Beginning of entry zone (0.3140)
    • Support on 10/14/2019
    • Support on 10/21/2019
    • Support on 10/22/2019
    • Support on 10/26/2019
    • Support on 11/26/2019
    • Support on 12/17/2019
    • Support on 12/18/2019
    • Support on 12/20/2019
    • Support on 12/24/2019
  • Ending of entry zone (0.2500)
    • Support on 10/23/2019

DateSun, 01/26/2020 - 17:30
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.8890 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 0.2935 on 12/24/2019, so more gains to resistance(s) 0.5000, 0.6705 and maximum to Major Resistance (0.8890) 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 44.

Take Profits:

  1. 0.6705
  2. 0.8890
  3. 1.3100
  4. 1.6700
  5. 2.2125
  6. 2.9995
  7. 3.8660
  8. 6.2495
Click on the level to view price action history.

Symbol Released Current Forecast
ETP (ETPUSD) new Sun, 16 Feb 2020
ETP (ETPUSD) free Sun, 9 Feb 2020
ETP (ETPUSD) free Sun, 2 Feb 2020
ETP (ETPUSD) Sun, 26 Jan 2020
ETP (ETPUSD) free Thu, 16 Jan 2020