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Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD
Trade Setup

#EURSGD
Total Profit: 1661 pip
Closed trade(s): 405 pip Profit
Open trade(s): 1256 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.
TP3 @ 1.5845 touched at 2021.08.27 with 275 pip Profit.
20 + 110 + 275 = 405 pip

Open Profit:
Profit for one trade is 1.6120(open price) - 1.5806(current price) = 314 pip
4 trade(s) still open, therefore total profit for open trade(s) is 314 x 4 = 1256 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.6250 to 1.6335). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.6250)
  • Ending of entry zone (1.6335)

DateSeptember 12, 2021 - 07:39
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.60700 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.6000 on 08/17/2021, so more losses to support(s) 1.5740, 1.5570, 1.5240 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 33.

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 Sun, 17 Mar 2024
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