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Weekly forecast Australian Dollar / Singapore Dollar technical chart
Symbol AUDSGD

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Trade Setup

#AUDSGD
Total Profit: 1835 pip
Closed trade(s): 1835 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 6 SELL trade(s) @ 1.0292 based on 'Peak' entry method at 2021.05.12.

Closed Profit:
TP1 @ 1.0225 touched at 2021.05.27 with 67 pip Profit.
TP2 @ 1.0080 touched at 2021.06.18 with 212 pip Profit.
TP3 @ 0.9875 touched at 2021.08.17 with 417 pip Profit.
TP4 @ 0.9755 touched at 2021.08.19 with 537 pip Profit.
67 + 212 + 417 + 537 = 1233 pip

Closed Profit:
Profit for one trade is 1.0292(open price) - 0.9991(current price) = 301 pip
2 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 301 x 2 = 602 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.9925 to 0.9835). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.9925)
    • Support on 08/09/2021
    • Support on 08/10/2021
    • Support on 08/16/2021
    • Resistance on 09/02/2021
  • Ending of entry zone (0.9835)
    • Resistance on 08/24/2021
    • Resistance on 08/25/2021
    • Resistance on 08/26/2021
    • Resistance on 08/27/2021
    • Resistance on 08/30/2021
    • Resistance on 08/31/2021
DateSeptember 5, 2021 - 16:55
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.96650, beginning of uptrend is expected.
  • We make sure when the resistance at 1.05350 breaks.
  • If the support at 0.96650 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 0.9665 on 08/23/2021, so more gains to resistance(s) 1.0005, 1.0115, 1.0200 and maximum to Major Resistance (1.0535) 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 59.

Take Profits:

  1. 1.0005
  2. 1.0115
  3. 1.0200
  4. 1.0265
  5. 1.0415
  6. 1.0535
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.