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

#EURSGD
Total Profit: 62 pip
Closed trade(s): 62 pip Profit

Trade Setup:
We opened 14 BUY trades @ 1.40172 based on 'Valley' entry method at 2022-09-07.

Closed Profit:
TP1 @ 1.40793 touched at 2022-09-09 with 62 pip Profit.
13 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

Price is in the Trend Hunter Buy Zone (1.38799 to 1.38171).

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

  • Beginning of entry zone (1.38799)
  • Ending of entry zone (1.38171)

DateSeptember 24, 2022 - 21:35
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.38171, beginning of uptrend is expected.
  • We make sure when the resistance at 1.44483 breaks.
  • If the support at 1.38171 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 1.42220 on 09/12/2022, so more losses minimum to Major Support (1.38171) 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 37.

Take Profits:

  1. 1.40793
  2. 1.42344
  3. 1.44483
  4. 1.46303
  5. 1.47333
  6. 1.48821
  7. 1.50369
  8. 1.52493
  9. 1.54010
  10. 1.55660
  11. 1.58733
  12. 1.61170
  13. 1.62824
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