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

#EURSGD
Total Profit: 3266 pip
Closed trade(s): 1130 pip Profit
Open trade(s): 2136 pip Profit

Trade Setup:
We opened 10 SELL trades @ 1.47094 based on 'Peak' entry method at 2023-08-22.

Closed Profit:
TP1 @ 1.45731 touched at 2023-09-01 with 136 pip Profit.
TP2 @ 1.44739 touched at 2023-09-15 with 235 pip Profit.
TP3 @ 1.43796 touched at 2023-09-28 with 329 pip Profit.
TP4 @ 1.42787 touched at 2024-09-27 with 430 pip Profit.
136 + 235 + 329 + 430 = 1130 pip

Open Profit:
Profit for one SELL trade is 1.47094(open price) - 1.43534(current price) = 356 pip
6 trade(s) still open, therefore total profit for open trade(s) is 356 x 6 = 2136 pip

#EURSGD
Total Profit: 2553 pip
Closed trade(s): 1143 pip Profit
Open trade(s): 1410 pip Profit

Trade Setup:
We opened 13 SELL trades @ 1.45877 based on 'Peak' entry method at 2024-07-23.

Closed Profit:
TP1 @ 1.45615 touched at 2024-07-24 with 26 pip Profit.
TP2 @ 1.45116 touched at 2024-07-30 with 76 pip Profit.
TP3 @ 1.44703 touched at 2024-07-31 with 118 pip Profit.
TP4 @ 1.44330 touched at 2024-07-31 with 155 pip Profit.
TP5 @ 1.43796 touched at 2024-08-02 with 208 pip Profit.
TP6 @ 1.43368 touched at 2024-09-11 with 251 pip Profit.
TP7 @ 1.42787 touched at 2024-09-27 with 309 pip Profit.
26 + 76 + 118 + 155 + 208 + 251 + 309 = 1143 pip

Open Profit:
Profit for one SELL trade is 1.45877(open price) - 1.43534(current price) = 235 pip
6 trade(s) still open, therefore total profit for open trade(s) is 235 x 6 = 1410 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.44330 is broken, we will close open trades.
DateNovember 3, 2024 - 20:26
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.44330 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 1.44330 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • A trough is formed in daily chart at 1.41615 on 10/23/2024, so more gains to resistance(s) 1.43796 and maximum to Major Resistance (1.44330) 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 61.

Take Profits:

  1. 1.45615
  2. 1.45116
  3. 1.44703
  4. 1.44330
  5. 1.43796
  6. 1.43368
  7. 1.42787
  8. 1.41534
  9. 1.40705
  10. 1.39538
  11. 1.38171
  12. 1.37010
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / Singapore Dollar (EURSGD) free Mon, 25 Nov 2024
Euro / Singapore Dollar (EURSGD) free Fri, 15 Nov 2024
Euro / Singapore Dollar (EURSGD) Sun, 3 Nov 2024
Euro / Singapore Dollar (EURSGD) Sun, 27 Oct 2024
Euro / Singapore Dollar (EURSGD) free Sun, 20 Oct 2024
History
Daily-Trading-Opportunities on EURSGD.