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

#EURSGD
Total Profit: 4416 pip
Closed trade(s): 924 pip Profit
Open trade(s): 3492 pip Profit

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

Closed Profit:
TP1 @ 1.40095 touched at 2022-09-29 with 69 pip Profit.
TP2 @ 1.41307 touched at 2022-10-04 with 190 pip Profit.
TP3 @ 1.42208 touched at 2022-11-15 with 280 pip Profit.
TP4 @ 1.43264 touched at 2022-11-24 with 385 pip Profit.
69 + 190 + 280 + 385 = 924 pip

Open Profit:
Profit for one BUY trade is 1.42316(current price) - 1.39413(open price) = 291 pip
12 trade(s) still open, therefore total profit for open trade(s) is 291 x 12 = 3492 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.

DateDecember 5, 2022 - 21:08
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.37010, resumption 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 -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.43885 on 11/28/2022, so more losses to support(s) 1.42208, 1.41307, 1.40095 and minimum to Major Support (1.37010) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 57.

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) 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