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Weekly forecast Synthetix technical chart
Symbol SNXUSD

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Trade Setup

#SNXUSDT
Total Profit: 29949 pip (343%)
Closed trade(s): 6142 pip Profit (70%)
Open trade(s): 23807 pip Profit (273%)

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%).
TP2 @ 13.270 touched at 2021.08.15 with 4526 pip Profit (52%).
1616 (18%) + 4526 (52%) = 6142 pip (70%)

Open Profit:
Profit for one trade is 12.145(current price) - 8.744(open price) = 3401 pip (39%)
7 trade(s) still open, therefore total profit for open trade(s) is 3401 (39%) x 7 = 23807 pip (273%)

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.
DateAugust 15, 2021 - 08:56
Currentrange bound
Forecastbeginning of uptrend

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 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 62.

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) Sat, 13 Apr 2024
Synthetix (SNXUSD) Sat, 6 Apr 2024
Synthetix (SNXUSD) free Sun, 31 Mar 2024
Synthetix (SNXUSD) free Sat, 23 Mar 2024
Synthetix (SNXUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on SNXUSD.