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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD
Trade Setup

#EURUSD
Total Profit: 1162 point
Closed trade(s): 357 point Profit
Open trade(s): 805 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.1235 based on 'Valley' at 2022.01.31 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.1373 touched at 2022.02.03 with 138 point Profit.
TP2 @ 1.1454 touched at 2022.02.04 with 219 point Profit.
138 + 219 = 357 point

Open Profit:
Profit for one trade is 1.1350(current price) - 1.1235(open price) = 115 point
7 trade(s) still open, therefore total profit for open trade(s) is 115 x 7 = 805 point

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateFebruary 12, 2022 - 09:07
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.11150, beginning of uptrend is expected.
  • We make sure when the resistance at 1.15240 breaks.
  • If the support at 1.11150 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.1494 on 02/10/2022, so more losses to support(s) 1.1279, 1.1185 and minimum to Major Support (1.1115) 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 50.

Take Profits:

  1. 1.1373
  2. 1.1454
  3. 1.1524
  4. 1.1600
  5. 1.1691
  6. 1.1843
  7. 1.2003
  8. 1.2265
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.