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Weekly forecast Australian Dollar / Singapore Dollar technical chart
Symbol AUDSGD

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Trade Setup

#AUDSGD
Total Profit: 947 pip
Closed trade(s): 197 pip Profit
Open trade(s): 750 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 1.0371 based on 'Peak' entry method at 2021.03.19.

Closed Profit:
TP1 @ 1.0320 touched at 2021.03.23 with 51 pip Profit.
TP2 @ 1.0225 touched at 2021.03.23 with 146 pip Profit.
51 + 146 = 197 pip

Open Profit:
Profit for one trade is 1.0371(open price) - 1.0221(current price) = 150 pip
5 trade(s) still open, therefore total profit for open trade(s) is 150 x 5 = 750 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateApril 3, 2021 - 22:06
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.05350, beginning of downtrend is expected.
  • We make sure when the support at 1.00800 breaks.
  • If the resistance at 1.05350 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 1.0316 on 03/30/2021, so more losses minimum to Major Support (1.0080) 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 42.

Take Profits:

  1. 1.0320
  2. 1.0225
  3. 1.0080
  4. 0.9875
  5. 0.9755
  6. 0.9525
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.