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Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD

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Trade Setup
#EURSGD
Total Profit: 3301 pip
Closed trade(s): 2385 pip Profit
Open trade(s): 916 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 1.6011(current price) - 1.5095(open price) = 916 pip
1 trade(s) still open, therefore total profit for open trade(s) is 916 x 1 = 916 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.
  • If the Midterm level 1.5845 is broken, we will close open trades.

DateFebruary 20, 2021 - 23:16
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 1.6335, beginning of downtrend is expected.
  • We make sure when the support at 1.5845 breaks.
  • If the resistance at 1.6335 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.5845 is broken.

Technical analysis:

  • While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.6085 on 02/15/2021, so more losses to support(s) 1.6010 and minimum to Major Support (1.5845) 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 44.

Take Profits:

  1. 1.6100
  2. 1.6010
  3. 1.5845
  4. 1.5570
  5. 1.5240
  6. 1.4880
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Singapore Dollar (EURSGD) Sat, 3 Apr 2021
Euro / Singapore Dollar (EURSGD) Sun, 28 Mar 2021
Euro / Singapore Dollar (EURSGD) free Sun, 21 Mar 2021
Euro / Singapore Dollar (EURSGD) Mon, 15 Mar 2021
Euro / Singapore Dollar (EURSGD) Sat, 6 Mar 2021