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

#EURSGD
Total Profit: 5138 pip
Closed trade(s): 1431 pip Profit
Open trade(s): 3707 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.
TP5 @ 1.44483 touched at 2022-12-15 with 507 pip Profit.
69 + 190 + 280 + 385 + 507 = 1431 pip

Open Profit:
Profit for one BUY trade is 1.42778(current price) - 1.39413(open price) = 337 pip
11 trade(s) still open, therefore total profit for open trade(s) is 337 x 11 = 3707 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 26, 2022 - 11:14
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 1.44995 on 12/15/2022, so more losses to support(s) 1.42208, 1.41307, 1.40095 and minimum to Major Support (1.37010) 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 53.

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, 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.