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Weekly forecast Australian Dollar / Singapore Dollar technical chart
Symbol AUDSGD

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Trade Setup
#AUDSGD
Total Profit: -702 pip
Closed trade(s): 0 pip Profit
Open trade(s): -702 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.9289 (day close price) based on 'Valley' at 2020.01.10.

Open Profit:
Profit for one trade is 0.9211(current price) - 0.9289(open price) = -78 pip
9 trade(s) still open, therefore total profit for open trade(s) is -78 x 9 = -702 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.

DateJanuary 25, 2020 - 21:11
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 0.94450 breaks.
  • If the support at 0.91850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.9315 on 01/16/2020, so more losses minimum to Major Support (0.9185) 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 37.

Take Profits:

  1. 0.9345
  2. 0.9400
  3. 0.9445
  4. 0.9595
  5. 0.9725
  6. 0.9850
  7. 1.0055
  8. 1.0225
Click on the level to view price action history.