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Weekly forecast Australian Dollar / Singapore Dollar technical chart
Symbol AUDSGD

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Trade Setup
#AUDSGD
Total Profit: 899 pip
Closed trade(s): 115 pip Profit
Open trade(s): 784 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.9315 (day close price) based on 'Valley' at 2019.12.19.

Closed Profit:
TP1 @ 0.9345 touched at 2019.12.20 with 30 pip Profit.
TP2 @ 0.9400 touched at 2019.12.27 with 85 pip Profit.
30 + 85 = 115 pip

Open Profit:
Profit for one trade is 0.9427(current price) - 0.9315(open price) = 112 pip
7 trade(s) still open, therefore total profit for open trade(s) is 112 x 7 = 784 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 28, 2019 - 16:57
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.91850, beginning of uptrend is expected.
  • We make sure when the resistance at 0.94550 breaks.
  • If the support at 0.91850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.9235 on 12/18/2019, so more gains 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 66.

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.
Symbol Released Current Forecast
Australian Dollar / Singapore Dollar (AUDSGD) Sun, 14 Apr 2024
Australian Dollar / Singapore Dollar (AUDSGD) Sun, 7 Apr 2024
Australian Dollar / Singapore Dollar (AUDSGD) Sat, 30 Mar 2024
Australian Dollar / Singapore Dollar (AUDSGD) Sun, 24 Mar 2024
Australian Dollar / Singapore Dollar (AUDSGD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on AUDSGD.