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Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD

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Trade Setup
#EURSGD
Total Profit: 3457 pip
Closed trade(s): 2385 pip Profit
Open trade(s): 1072 pip Profit

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

Closed Profit:
TP1 @ 1.5160 touched at 2020.02.21 with 65 pip Profit.
TP2 @ 1.5240 touched at 2020.02.27 with 145 pip Profit.
TP3 @ 1.5365 touched at 2020.02.28 with 270 pip Profit.
TP4 @ 1.5570 touched at 2020.03.06 with 475 pip Profit.
TP5 @ 1.5720 touched at 2020.03.09 with 625 pip Profit.
TP6 @ 1.5900 touched at 2020.03.16 with 805 pip Profit.
65 + 145 + 270 + 475 + 625 + 805 = 2385 pip

Open Profit:
Profit for one trade is 1.6167(current price) - 1.5095(open price) = 1072 pip
1 trade(s) still open, therefore total profit for open trade(s) is 1072 x 1 = 1072 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateDecember 5, 2020 - 20:59
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.58450, resumption of uptrend is expected.
  • We make sure when the resistance at 1.63050 breaks.
  • If the support at 1.58450 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.58450 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 1.5845 on 11/10/2020, so more gains maximum to Major Resistance (1.6305) 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 68.

Supports and Resistances:

  1. 1.6440
  2. 1.6305
  3. 1.6100
  4. 1.6010
  5. 1.5720
  6. 1.5570
  7. 1.5365
  8. 1.5240
  9. 1.5160
  10. 1.4880
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / Singapore Dollar (EURSGD) Sun, 14 Apr 2024
Euro / Singapore Dollar (EURSGD) Sun, 7 Apr 2024
Euro / Singapore Dollar (EURSGD) Sun, 31 Mar 2024
Euro / Singapore Dollar (EURSGD) Sun, 24 Mar 2024
Euro / Singapore Dollar (EURSGD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on EURSGD.