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Weekly forecast Australian Dollar / Singapore Dollar technical chart
Symbol AUDSGD

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Trade Setup
#AUDSGD
Total Profit: -35 pip
Closed trade(s): 45 pip Profit
Open trade(s): -80 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.9300 (day close price) based on 'Valley' at 2019.12.02.

Closed Profit:
TP1 @ 0.9345 touched at 2019.12.03 with 45 pip Profit.

Open Profit:
Profit for one trade is 0.9290(current price) - 0.9300(open price) = -10 pip
8 trade(s) still open, therefore total profit for open trade(s) is -10 x 8 = -80 pip

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.

DateDecember 7, 2019 - 17:28
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.9105, beginning of uptrend is expected.
  • We make sure when the resistance at 0.9455 breaks.
  • If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.9200 on 11/28/2019, so more gains to resistance(s) 0.9295, 0.9345, 0.9400 and maximum to Major Resistance (0.9455) 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 51.

Take Profits:

  1. 0.9345
  2. 0.9400
  3. 0.9455
  4. 0.9595
  5. 0.9725
  6. 0.9850
  7. 1.0055
  8. 1.0225
Click on the level to view price action history.