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Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD

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Trade Setup

#EURSGD
Total Profit: 1472 pip
Closed trade(s): 540 pip Profit
Open trade(s): 932 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.
TP3 @ 1.5845 touched at 2021.03.25 with 320 pip Profit.
65 + 155 + 320 = 540 pip

Open Profit:
Profit for one trade is 1.6165(open price) - 1.5932(current price) = 233 pip
4 trade(s) still open, therefore total profit for open trade(s) is 233 x 4 = 932 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.
  • If the Midterm level 1.59600 is broken, we will close open trades.
DateApril 10, 2021 - 20:56
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.59600 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 1.59600 is broken.

Technical analysis:

  • While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.5740 on 04/01/2021, so more gains maximum to Major Resistance (1.5960) 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 52.

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) 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.