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

#EURUSD
Total Profit: 8407 pip
Closed trade(s): 1669 pip Profit
Open trade(s): 6736 pip Profit

Trade Setup:
We opened 13 BUY trades @ 0.9861 based on 'Hammer' entry method at 2022-10-21.

Closed Profit:

TP1 @ 1.00000 touched at 2022-10-26 with 139 pip Profit.
TP2 @ 1.01979 touched at 2022-11-10 with 337 pip Profit.
TP3 @ 1.03700 touched at 2022-11-15 with 509 pip Profit.
TP4 @ 1.05454 touched at 2022-12-05 with 684 pip Profit.
139 + 337 + 509 + 684 = 1669 pip

Open Profit:
Profit for one BUY trade is 1.07031(current price) - 0.9861(open price) = 842 pip
8 trade(s) still open, therefore total profit for open trade(s) is 842 x 8 = 6736 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.
  • If the Midterm level 1.01979 is broken, we will close open trades.
DateDecember 31, 2022 - 10:27
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.01979, resumption of uptrend is expected.
  • We make sure when the resistance at 1.07850 breaks.
  • If the support at 1.01979 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.01979 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.04450 on 12/07/2022, so more gains maximum to Major Resistance (1.07850) 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 68.

Take Profits:

  1. 1.00000
  2. 1.01979
  3. 1.03700
  4. 1.05454
  5. 1.07850
  6. 1.09485
  7. 1.11886
  8. 1.14620
  9. 1.16909
  10. 1.19105
  11. 1.22781
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / US Dollar (EURUSD) new Sun, 21 Apr 2024
Euro / US Dollar (EURUSD) new Sun, 21 Apr 2024
Euro / US Dollar (EURUSD) Sun, 14 Apr 2024
Euro / US Dollar (EURUSD) Sun, 14 Apr 2024
Euro / US Dollar (EURUSD) Sat, 6 Apr 2024
History
Daily-Trading-Opportunities on EURUSD.