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

#EURUSD
Total Profit: -855 pip
Closed trade(s): 0 pip Profit
Open trade(s): -855 pip Profit

Trade Setup:
We opened 9 BUY trades @ 1.05084 based on 'Valley' entry method at 2022-06-20.

Open Profit:
Profit for one BUY trade is 1.04126(current price) - 1.05084(open price) = -95 pip
9 trade(s) still open, therefore total profit for open trade(s) is -95 x 9 = -855 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.

DateJuly 2, 2022 - 15:50
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 1.07850 breaks.
  • If the support at 1.03500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The double bottoms taking shape.
  • A peak is formed in daily chart at 1.06145 on 06/27/2022, so more losses to support(s) 1.03983 and minimum to Major Support (1.03500) 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 40.

Take Profits:

  1. 1.06250
  2. 1.07850
  3. 1.09485
  4. 1.11850
  5. 1.14620
  6. 1.16909
  7. 1.19105
  8. 1.22650
Click on the level to view price action history.

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