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

#EURUSD
Total Profit: 1609 pip
Closed trade(s): 97 pip Profit
Open trade(s): 1512 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.0546 (day close price) based on 'Valley' at 2022.05.17.

Closed Profit:
TP1 @ 1.0643 touched at 2022.05.23 with 97 pip Profit.

Open Profit:
Profit for one trade is 1.0735(current price) - 1.0546(open price) = 189 pip
8 trade(s) still open, therefore total profit for open trade(s) is 189 x 8 = 1512 pip

#EURUSD
Total Loss: 1021 pip
Closed trade(s): 1021 pip Loss

Trade Setup:
We opened 8 BUY trades @ 1.12324 based on 'Valley' entry method at 2022-01-31, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 1.1373 touched at 2022-02-03 with 141 pip Profit.
Closed Loss:
SL @ 1.1066 touched at 2022-03-03 with 1162 pip Loss.
Loss for one BUY trade is 1.12324(open price) - 1.1066(close price) = 166 pip
Therefore total loss for trades is 166 x 7 = 1162 pip

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.
DateMay 27, 2022 - 23:24
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.03500, beginning of uptrend is expected.
  • We make sure when the resistance at 1.08055 breaks.
  • If the support at 1.03500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.04706 on 2022-04-28 and the trough at 1.03533 on 2022-05-12, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.03500 on 05/13/2022, so more gains maximum to Major Resistance (1.08055) 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 57.

Take Profits:

  1. 1.06426
  2. 1.08055
  3. 1.09421
  4. 1.11850
  5. 1.14620
  6. 1.16909
  7. 1.19105
  8. 1.22650
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.