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Weekly forecast Synthetix technical chart
Symbol SNXUSD
Trade Setup

#SNXUSDT
Total Profit: 18488 pip (210%)
Closed trade(s): 6112 pip Profit (70%)
Open trade(s): 12376 pip Profit (140%)

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

Closed Profit:
TP1 @ 10.350 touched at 2021.07.26 with 1606 pip Profit (18%).
TP2 @ 13.250 touched at 2021.08.15 with 4506 pip Profit (52%).
1606 (18%) + 4506 (52%) = 6112 pip (70%)

Open Profit:
Profit for one trade is 10.512(current price) - 8.744(open price) = 1768 pip (20%)
7 trade(s) still open, therefore total profit for open trade(s) is 1768 (20%) x 7 = 12376 pip (140%)

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.

DateSeptember 13, 2021 - 12:25
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 7.050, beginning of uptrend is expected.
  • We make sure when the resistance at 14.260 breaks.
  • If the support at 7.050 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 14.30 on 09/07/2021, so more losses to support(s) 10.35, 7.70 and minimum to Major Support (7.05) 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 43.

Take Profits:

  1. 10.35
  2. 13.25
  3. 15.70
  4. 18.15
  5. 21.40
  6. 24.15
  7. 25.75
  8. 28.85
Click on the level to view price action history.

Symbol Released Current Forecast
Synthetix (SNXUSD) Thu, 14 Oct 2021
Synthetix (SNXUSD) Sun, 10 Oct 2021
Synthetix (SNXUSD) Sun, 3 Oct 2021
Synthetix (SNXUSD) Sun, 26 Sep 2021
Synthetix (SNXUSD) Mon, 20 Sep 2021