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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup
#EURUSD
Total Profit: 896 pip
Closed trade(s): 401 pip Profit
Open trade(s): 495 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.2217 (day close price) based on 'Peak' at 2021.01.08 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.2165 touched at 2021.01.11 with 52 pip Profit.
TP2 @ 1.2075 touched at 2021.01.15 with 142 pip Profit.
TP3 @ 1.2010 touched at 2021.02.03 with 207 pip Profit.
52 + 142 + 207 = 401 pip

Open Profit:
Profit for one trade is 1.2217(open price) - 1.2118(current price) = 99 pip
5 trade(s) still open, therefore total profit for open trade(s) is 99 x 5 = 495 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.

DateFebruary 21, 2021 - 11:39
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.1950, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2350 breaks.
  • If the support at 1.1950 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.1956 on 02/05/2021, so more gains to resistance(s) 1.2165, 1.2270 and maximum to Major Resistance (1.2350) 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 52.

Take Profits:

  1. 1.2165
  2. 1.2075
  3. 1.2010
  4. 1.1910
  5. 1.1815
  6. 1.1735
  7. 1.1600
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / US Dollar (EURUSD) new Sat, 10 Apr 2021
Euro / US Dollar (EURUSD) Sat, 3 Apr 2021
Euro / US Dollar (EURUSD) free Thu, 1 Apr 2021
Euro / US Dollar (EURUSD) free Sun, 28 Mar 2021
Euro / US Dollar (EURUSD) free Sun, 21 Mar 2021