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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup
#EURUSD
Total Profit: -1454 pip
Closed trade(s): 13 pip Profit
Open trade(s): -1467 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.1252 based on 'Valley' at 2019.07.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.1265 touched at 2019.07.11 with 13 pip Profit.

Open Profit:
Profit for one trade is 1.1089(current price) - 1.1252(open price) = -163 pip
9 trade(s) still open, therefore total profit for open trade(s) is -163 x 9 = -1467 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.

DateAugust 17, 2019 - 20:36
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.1000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.1450 breaks.
  • If the support at 1.1000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.1245 on 08/05/2019, so more losses minimum to Major Support (1.1000) 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 38.

Take Profits:

  1. 1.1265
  2. 1.1345
  3. 1.1450
  4. 1.1570
  5. 1.1725
  6. 1.1865
  7. 1.2030
  8. 1.2230
  9. 1.2555
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / US Dollar (EURUSD) new Sun, 2 Aug 2020
Euro / US Dollar (EURUSD) Sun, 26 Jul 2020
Euro / US Dollar (EURUSD) Sat, 18 Jul 2020
Euro / US Dollar (EURUSD) Sat, 11 Jul 2020
Euro / US Dollar (EURUSD) Sat, 4 Jul 2020