website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Euro / Singapore Dollar technical chart
Symbol EURSGD
Trade Setup

#EURSGD
Total Profit: -480 pip
Closed trade(s): 0 pip Profit
Open trade(s): -480 pip Profit

Trade Setup:
We opened 16 BUY trades @ 1.39413 based on 'Valley' entry method at 2022-09-28.

Open Profit:
Profit for one BUY trade is 1.39106(current price) - 1.39413(open price) = -30 pip
16 trade(s) still open, therefore total profit for open trade(s) is -30 x 16 = -480 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.

DateSeptember 29, 2022 - 01:11
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.37010, beginning of uptrend is expected.
  • We make sure when the resistance at 1.44483 breaks.
  • If the support at 1.37010 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.39562 on 2022-07-14 and the trough at 1.37012 on 2022-09-26, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.37010 on 09/26/2022, so more gains to resistance(s) 1.40095, 1.41307, 1.42208 and maximum to Major Resistance (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 46.

Take Profits:

  1. 1.40095
  2. 1.41307
  3. 1.42208
  4. 1.43264
  5. 1.44483
  6. 1.46303
  7. 1.47333
  8. 1.48821
  9. 1.50369
  10. 1.52493
  11. 1.54010
  12. 1.55660
  13. 1.58733
  14. 1.61170
  15. 1.62824
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Singapore Dollar (EURSGD) free Sun, 20 Nov 2022
Euro / Singapore Dollar (EURSGD) free Sun, 13 Nov 2022
Euro / Singapore Dollar (EURSGD) Sun, 6 Nov 2022
Euro / Singapore Dollar (EURSGD) Sun, 30 Oct 2022
Euro / Singapore Dollar (EURSGD) Sun, 9 Oct 2022