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Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD

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Trade Setup

#EURSGD
Total Profit: 925 pip
Closed trade(s): 130 pip Profit
Open trade(s): 795 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) - 1.5961(current price) = 159 pip
5 trade(s) still open, therefore total profit for open trade(s) is 159 x 5 = 795 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 1.61000 is broken, we will close open trades.
DateAugust 14, 2021 - 07:48
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.61000, beginning of downtrend is expected.
  • We make sure when the support at 1.58450 breaks.
  • If the resistance at 1.61000 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.61000 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.5875 on 08/10/2021, so more gains to resistance(s) 1.6010, 1.6070 and maximum to Major Resistance (1.6100) 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 47.

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.