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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup
#EURUSD
Total Profit: -2039 pip
Closed trade(s): 13 pip Profit
Open trade(s): -2052 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 1.1024(current price) - 1.1252(open price) = -228 pip
9 trade(s) still open, therefore total profit for open trade(s) is -228 x 9 = -2052 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.

DateJanuary 25, 2020 - 21:26
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.0850, beginning of uptrend is expected.
  • We make sure when the resistance at 1.1265 breaks.
  • If the support at 1.0850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 1.1236 on 12/31/2019, so more losses to support(s) 1.0990, 1.0925 and minimum to Major Support (1.0850) 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 36.

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) Sat, 12 Sep 2020
Euro / US Dollar (EURUSD) Sat, 5 Sep 2020
Euro / US Dollar (EURUSD) Sat, 29 Aug 2020
Euro / US Dollar (EURUSD) Sat, 22 Aug 2020
Euro / US Dollar (EURUSD) Sat, 15 Aug 2020