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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD

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Trade Setup
#EURSGD
Total Profit: 389 pip
Closed trade(s): 65 pip Profit
Open trade(s): 324 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.5095 (day close price) based on 'Valley' at 2020.02.20.

Closed Profit:
TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit.

Open Profit:
Profit for one trade is 1.5149(current price) - 1.5095(open price) = 54 pip
6 trade(s) still open, therefore total profit for open trade(s) is 54 x 6 = 324 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.

DateSat, 02/22/2020 - 19:47
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.4880, beginning of uptrend is expected.
  • We make sure when the resistance at 1.5240 breaks.
  • If the support at 1.4880 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.5000 on 02/19/2020, so more gains to resistance(s) 1.5160 and maximum to Major Resistance (1.5240) 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 60.

Take Profits:

  1. 1.5160
  2. 1.5240
  3. 1.5365
  4. 1.5570
  5. 1.5720
  6. 1.5900
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Singapore Dollar (EURSGD) Sat, 23 May 2020
Euro / Singapore Dollar (EURSGD) Sat, 16 May 2020
Euro / Singapore Dollar (EURSGD) Sat, 9 May 2020
Euro / Singapore Dollar (EURSGD) Sat, 2 May 2020
Euro / Singapore Dollar (EURSGD) Sun, 26 Apr 2020