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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup
#EURUSD
Total Profit: -1519 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1519 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 1.1659 (day close price) based on 'Peak' at 2020.09.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.1659(open price) - 1.1876(current price) = -217 pip
7 trade(s) still open, therefore total profit for open trade(s) is -217 x 7 = -1519 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateNovember 7, 2020 - 19:54
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.20100, beginning of downtrend is expected.
  • We make sure when the support at 1.16000 breaks.
  • If the resistance at 1.20100 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.1600 on 11/04/2020, so more gains to resistance(s) 1.1910 and maximum to Major Resistance (1.2010) 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 60.

Supports and Resistances:

  1. 1.2555
  2. 1.2230
  3. 1.2010
  4. 1.1910
  5. 1.1600
  6. 1.1485
  7. 1.1410
  8. 1.1170
  9. 1.0635
  10. 1.0350
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.