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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup
#EURUSD
Total Profit: -2786 pip
Closed trade(s): 13 pip Profit
Open trade(s): -2799 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 1.0940(current price) - 1.1252(open price) = -311 pip
9 trade(s) still open, therefore total profit for open trade(s) is -311 x 9 = -2799 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.
DateSeptember 28, 2019 - 17:44
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.09050, beginning of uptrend is expected.
  • We make sure when the resistance at 1.14500 breaks.
  • If the support at 1.09050 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 1.1110 on 09/13/2019, so more losses minimum to Major Support (1.0905) 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 39.

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) Sun, 14 Apr 2024
Euro / US Dollar (EURUSD) Sun, 14 Apr 2024
Euro / US Dollar (EURUSD) Sat, 6 Apr 2024
Euro / US Dollar (EURUSD) Sat, 30 Mar 2024
Euro / US Dollar (EURUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on EURUSD.