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

#EURUSD
Total Profit: -130 pip
Closed trade(s): 0 pip Profit
Open trade(s): -130 pip Profit

Trade Setup:
We opened 13 BUY trades @ 0.97324 based on 'Valley' entry method at 2022-09-28.

Open Profit:
Profit for one BUY trade is 0.9722(current price) - 0.97324(open price) = -10 pip
13 trade(s) still open, therefore total profit for open trade(s) is -10 x 13 = -130 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.

DateSeptember 28, 2022 - 22:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.95350, beginning of uptrend is expected.
  • We make sure when the resistance at 1.03700 breaks.
  • If the support at 0.95350 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 trough is formed in daily chart at 0.95350 on 09/28/2022, so more gains to resistance(s) 0.98630, 1.00556, 1.01979 and maximum to Major Resistance (1.03700) 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. 0.98630
  2. 1.00556
  3. 1.01979
  4. 1.03700
  5. 1.05454
  6. 1.07850
  7. 1.09485
  8. 1.11886
  9. 1.14620
  10. 1.16909
  11. 1.19105
  12. 1.22781
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / US Dollar (EURUSD) new Sat, 26 Nov 2022
Euro / US Dollar (EURUSD) free Fri, 18 Nov 2022
Euro / US Dollar (EURUSD) free Sat, 12 Nov 2022
Euro / US Dollar (EURUSD) Fri, 11 Nov 2022
Euro / US Dollar (EURUSD) free Sat, 5 Nov 2022