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Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD

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Trade Setup

#EURSGD
Total Profit: 760 pip
Closed trade(s): 130 pip Profit
Open trade(s): 630 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 1.6120 based on 'Peak' at 2021.05.26.

Closed Profit:
TP1 @ 1.6100 touched at 2021.05.28 with 20 pip Profit.
TP2 @ 1.6010 touched at 2021.06.16 with 110 pip Profit.
20 + 110 = 130 pip

Open Profit:
Profit for one trade is 1.6120(open price) - 1.5994(current price) = 126 pip
5 trade(s) still open, therefore total profit for open trade(s) is 126 x 5 = 630 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.

DateJune 26, 2021 - 12:48
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.63350 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI resistance #1 at 51 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.6065 on 06/23/2021, so more losses to support(s) 1.5960, 1.5845, 1.5740 and more depths 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 43.

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, 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