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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

#EURUSD
Total Profit: 2300 pip
Closed trade(s): 2300 pip Profit
Open trade(s): 0 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

Closed Profit:
Profit for one trade is 1.2191(open price) - 1.1794(current price) = 397 pip
2 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 397 x 2 = 794 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateAugust 28, 2021 - 22:11
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.16650, beginning of uptrend is expected.
  • We make sure when the resistance at 1.19100 breaks.
  • If the support at 1.16650 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 51 is broken, so the probability of beginning of uptrend is decreased.
  • A trough is formed in daily chart at 1.1664 on 08/20/2021, so more gains to resistance(s) 1.1815 and maximum to Major Resistance (1.1910) 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.

Supports and Resistances:

  1. 1.2600
  2. 1.2150
  3. 1.2075
  4. 1.1985
  5. 1.1910
  6. 1.1815
  7. 1.1705
  8. 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.