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Weekly forecast Synthetix technical chart
Symbol SNXUSD

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Trade Setup

#SNXUSDT
Total Profit: 11184 pip (130%)
Closed trade(s): 1616 pip Profit (18%)
Open trade(s): 9568 pip Profit (112%)

Trade Setup:
We opened 9 BUY trade(s) @ 8.744 based on 'Valley' entry method at 2021.07.23.

Closed Profit:
TP1 @ 10.360 touched at 2021.07.26 with 1616 pip Profit (18%).

Open Profit:
Profit for one trade is 9.940(current price) - 8.744(open price) = 1196 pip (14%)
8 trade(s) still open, therefore total profit for open trade(s) is 1196 (14%) x 8 = 9568 pip (112%)

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.

DateJuly 31, 2021 - 19:17
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 5.500, beginning of uptrend is expected.
  • We make sure when the resistance at 13.270 breaks.
  • If the support at 5.500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 7.09 on 07/21/2021, so more gains to resistance(s) 10.36 and maximum to Major Resistance (13.27) 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 55.

Take Profits:

  1. 10.36
  2. 13.27
  3. 15.72
  4. 18.16
  5. 21.41
  6. 24.14
  7. 25.74
  8. 28.87
Click on the level to view price action history.

Symbol Released Current Forecast
Synthetix (SNXUSD) free Mon, 13 Sep 2021
Synthetix (SNXUSD) Sun, 5 Sep 2021
Synthetix (SNXUSD) Sun, 29 Aug 2021
Synthetix (SNXUSD) Sun, 22 Aug 2021
Synthetix (SNXUSD) Sun, 15 Aug 2021