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Weekly forecast Synthetix technical chart
Symbol SNXUSD
Trade Setup

#SNXUSDT
Total Profit: 13068 pip Profit (150%)
Closed trade(s): 13068 pip Profit (150%)
Open trade(s): 0 (0%)

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%).
TP3 @ 15.700 touched at 2021.09.16 with 6956 pip Profit (80%).
1606 (18%) + 4506 (52%) + 6956 (80%) = 13068 pip (150%)

6 other break-even trades closed at entry price, therefore no profit no loss.

#SNXUSDT
Total Profit: 270 pip (10%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 270 pip Profit (10%)

Trade Setup:
We opened 10 BUY trade(s) @ 5.022 based on 'Valley & DownTrend Break Up' entry method at 2022.03.18.

Open Profit:
Profit for one trade is 5.049(current price) - 5.022(open price) = 27 pip (1%)
10 trade(s) still open, therefore total profit for open trade(s) is 27 (1%) x 10 = 270 pip (10%)

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.
DateMarch 25, 2022 - 20:13
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 3.327, beginning of uptrend is expected.
  • We make sure when the resistance at 6.070 breaks.
  • If the support at 3.327 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 3.504 on 2022-01-22 and the trough at 3.321 on 2022-02-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 3.790 on 03/15/2022, so more gains maximum to Major Resistance (6.070) 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 57.

Take Profits:

  1. 6.070
  2. 7.460
  3. 9.150
  4. 11.800
  5. 15.850
  6. 18.511
  7. 23.089
  8. 25.835
  9. 28.980
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.