website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD

Download MT4 template file

Trade Setup
#EURSGD
Total Profit: 3464 pip
Closed trade(s): 2385 pip Profit
Open trade(s): 1079 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 1.6174(current price) - 1.5095(open price) = 1079 pip
1 trade(s) still open, therefore total profit for open trade(s) is 1079 x 1 = 1079 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateDecember 26, 2020 - 21:50
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

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

Technical analysis:

  • While the RSI support #1 at 50 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1.6335 on 12/22/2020, so more losses to support(s) 1.6100, 1.6010, 1.5870 and minimum to Major Support (1.5845) 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 55.

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, 24 Mar 2024
Euro / Singapore Dollar (EURSGD) Sun, 17 Mar 2024
Euro / Singapore Dollar (EURSGD) Sun, 10 Mar 2024
Euro / Singapore Dollar (EURSGD) Sun, 3 Mar 2024
Euro / Singapore Dollar (EURSGD) Sun, 25 Feb 2024