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Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD

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Trade Setup
#EURSGD
Total Profit: 750 pip
Closed trade(s): 220 pip Profit
Open trade(s): 530 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 1.6165 (day close price) based on 'Peak' at 2021.01.08.

Closed Profit:
TP1 @ 1.6100 touched at 2021.01.14 with 65 pip Profit.
TP2 @ 1.6010 touched at 2021.01.20 with 155 pip Profit.
65 + 155 = 220 pip

Open Profit:
Profit for one trade is 1.6165(open price) - 1.6059(current price) = 106 pip
5 trade(s) still open, therefore total profit for open trade(s) is 106 x 5 = 530 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateFebruary 28, 2021 - 13:43
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

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.

Technical analysis:

  • While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.5957 on 02/18/2021, so more gains to resistance(s) 1.6100, 1.6250 and maximum to Major Resistance (1.6335) 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 50.

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) new Sat, 10 Apr 2021
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