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

#EURSGD
Total Profit: -630 pip
Closed trade(s): 144 pip Profit
Open trade(s): -774 pip Profit

Trade Setup:
We opened 10 BUY trades @ 1.45885 based on 'Valley' entry method at 2022-05-17.

Closed Profit:
TP1 @ 1.47333 touched at 2022-05-27 with 144 pip Profit.

Open Profit:
Profit for one BUY trade is 1.45033(current price) - 1.45885(open price) = -86 pip
9 trade(s) still open, therefore total profit for open trade(s) is -86 x 9 = -774 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateJuly 3, 2022 - 11:44
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.44483, beginning of uptrend is expected.
  • We make sure when the resistance at 1.50369 breaks.
  • If the support at 1.44483 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 1.46955 on 06/22/2022, so more losses minimum to Major Support (1.44483) 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 42.

Take Profits:

  1. 1.47333
  2. 1.48821
  3. 1.50369
  4. 1.52493
  5. 1.54010
  6. 1.55660
  7. 1.58733
  8. 1.61170
  9. 1.62824
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / Singapore Dollar (EURSGD) new 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.