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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

#EURUSD
Total Profit: 1592 pip
Closed trade(s): 1592 pip Profit
Open trade(s): 0 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.
TP4 @ 1.1910 touched at 2021.03.05 with 307 pip Profit.
TP5 @ 1.1815 touched at 2021.03.24 with 402 pip Profit.
TP6 @ 1.1735 touched at 2021.03.30 with 482 pip Profit.
52 + 142 + 207 + 307 + 402 + 482 = 1592 pip

2 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.2270 to 1.2350). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.2270)
    • Resistance on 01/15/2018
    • Resistance on 01/16/2018
    • Resistance on 01/17/2018
    • Resistance on 01/18/2018
    • Resistance on 01/19/2018
    • Resistance on 01/22/2018
    • Support on 02/14/2018
    • Support on 02/22/2018
    • Support on 02/23/2018
    • Support on 02/26/2018
    • Resistance on 03/01/2018
    • Support on 03/09/2018
    • Support on 03/16/2018
    • Support on 03/19/2018
    • Support on 04/09/2018
    • Support on 04/20/2018
    • Resistance on 12/17/2020
    • Resistance on 12/18/2020
    • Resistance on 12/29/2020
    • Resistance on 01/04/2021
    • Resistance on 01/08/2021
  • Ending of entry zone (1.2350)
    • Resistance on 02/13/2018
    • Resistance on 02/21/2018
    • Resistance on 02/22/2018
    • Resistance on 02/26/2018
    • Resistance on 02/27/2018
    • Resistance on 03/05/2018
    • Resistance on 03/12/2018
    • Resistance on 03/19/2018
    • Resistance on 03/20/2018
    • Resistance on 03/21/2018
    • Resistance on 03/22/2018
    • Resistance on 04/02/2018
    • Resistance on 04/13/2018
    • Resistance on 04/20/2018
    • Peak on 01/06/2021
    • Resistance on 01/06/2021
    • Resistance on 01/07/2021

DateMay 18, 2021 - 20:03
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.23500, beginning of downtrend is expected.
  • We make sure when the support at 1.19850 breaks.
  • If the resistance at 1.23500 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.2050 on 05/13/2021, so more gains to resistance(s) 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 65.

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) Sat, 23 Mar 2024
Euro / US Dollar (EURUSD) Sun, 17 Mar 2024
Euro / US Dollar (EURUSD) free Sat, 9 Mar 2024
Euro / US Dollar (EURUSD) Sat, 2 Mar 2024
Euro / US Dollar (EURUSD) Sun, 25 Feb 2024