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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

Download MT4 template file

Trade Setup

#EURUSD
Total Profit: 1974 pip
Closed trade(s): 1020 pip Profit
Open trade(s): 954 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.2191 (day close price) based on 'Two-day reversal candle' at 2021.05.26 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.2150 touched at 2021.05.28 with 41 pip Profit.
TP2 @ 1.2075 touched at 2021.06.16 with 116 pip Profit.
TP3 @ 1.1985 touched at 2021.06.17 with 206 pip Profit.
TP4 @ 1.1910 touched at 2021.06.17 with 281 pip Profit.
TP5 @ 1.1815 touched at 2021.07.02 with 376 pip Profit.
41 + 116 + 206 + 281 + 376 = 1020 pip

Open Profit:
Profit for one trade is 1.2191(open price) - 1.1873(current price) = 318 pip
3 trade(s) still open, therefore total profit for open trade(s) is 318 x 3 = 954 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.
DateJuly 10, 2021 - 17:31
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.23500 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
  • A trough is formed in daily chart at 1.1780 on 07/07/2021, so more gains to resistance(s) 1.1910, 1.1985, 1.2075 and maximum to Major Resistance (1.2350) 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 41.

Take Profits:

  1. 1.2150
  2. 1.2075
  3. 1.1985
  4. 1.1910
  5. 1.1815
  6. 1.1705
  7. 1.1600
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / US Dollar (EURUSD) new Sun, 14 Apr 2024
Euro / US Dollar (EURUSD) new 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.