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

#EURSGD
Total Profit: 4855 pip
Closed trade(s): 3079 pip Profit
Open trade(s): 1776 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.
TP5 @ 1.41534 touched at 2024-11-08 with 556 pip Profit.
TP6 @ 1.40705 touched at 2024-11-22 with 638 pip Profit.
TP7 @ 1.39538 touched at 2024-11-22 with 755 pip Profit.
136 + 235 + 329 + 430 + 556 + 638 + 755 = 3079 pip

Open Profit:
Profit for one SELL trade is 1.47094(open price) - 1.41168(current price) = 592 pip
3 trade(s) still open, therefore total profit for open trade(s) is 592 x 3 = 1776 pip

#EURSGD
Total Profit: 4142 pip
Closed trade(s): 2729 pip Profit
Open trade(s): 1413 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.
TP8 @ 1.41534 touched at 2024-11-08 with 435 pip Profit.
TP9 @ 1.40705 touched at 2024-11-22 with 517 pip Profit.
TP10 @ 1.39538 touched at 2024-11-22 with 634 pip Profit.
26 + 76 + 118 + 155 + 208 + 251 + 309 + 435 + 517 + 634 = 2729 pip

Open Profit:
Profit for one SELL trade is 1.45877(open price) - 1.41168(current price) = 471 pip
3 trade(s) still open, therefore total profit for open trade(s) is 471 x 3 = 1413 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 25, 2024 - 23:04
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:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.43930 on 11/01/2024, so more losses to support(s) 1.40705, 1.39538, 1.38171 and more depths 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 41.

Take Profits:

  1. 1.45615
  2. 1.45116
  3. 1.44709
  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) Sun, 12 Jan 2025
Euro / Singapore Dollar (EURSGD) Sun, 5 Jan 2025
Euro / Singapore Dollar (EURSGD) Sun, 29 Dec 2024
Euro / Singapore Dollar (EURSGD) Sun, 22 Dec 2024
Euro / Singapore Dollar (EURSGD) Mon, 16 Dec 2024
History
Daily-Trading-Opportunities on EURSGD.