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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

#EURUSD
Total Profit: 2494 pip
Closed trade(s): 1506 pip Profit
Open trade(s): 988 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.
TP6 @ 1.1705 touched at 2021.08.18 with 486 pip Profit.
41 + 116 + 206 + 281 + 376 + 486 = 1506 pip

Open Profit:
Profit for one trade is 1.2191(open price) - 1.1697(current price) = 494 pip
2 trade(s) still open, therefore total profit for open trade(s) is 494 x 2 = 988 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.
  • If the Midterm level 1.19850 is broken, we will close open trades.
DateAugust 21, 2021 - 16:51
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.19850 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 1.19850 is broken.

Technical analysis:

  • While the RSI resistance #1 at 51 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.1804 on 08/13/2021, so more losses to support(s) 1.1600, 1.1485, 1.1410 and more depths 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 37.

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) 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.