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

#EURUSD
Total Profit: 9651 pip
Closed trade(s): 2595 pip Profit
Open trade(s): 7056 pip Profit

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

Closed Profit:
TP1 @ 0.98630 touched at 2022-10-24 with 2 pip Profit.
TP2 @ 1.00000 touched at 2022-10-26 with 139 pip Profit.
TP3 @ 1.01979 touched at 2022-11-10 with 337 pip Profit.
TP4 @ 1.03700 touched at 2022-11-15 with 509 pip Profit.
TP5 @ 1.05454 touched at 2022-12-05 with 684 pip Profit.
TP6 @ 1.07850 touched at 2023-01-12 with 924 pip Profit.
2 + 139 + 337 + 509 + 684 + 924 = 2595 pip

Open Profit:
Profit for one BUY trade is 1.08685(current price) - 0.9861(open price) = 1008 pip
7 trade(s) still open, therefore total profit for open trade(s) is 1008 x 7 = 7056 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 1.03700 is broken, we will close open trades.
DateJanuary 28, 2023 - 20:58
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.03700, resumption of uptrend is expected.
  • We make sure when the resistance at 1.11886 breaks.
  • If the support at 1.03700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.03700 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 1.07655 on 01/18/2023, so more gains to resistance(s) 1.09485 and maximum to Major Resistance (1.11886) 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 63.

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) Sat, 25 Mar 2023
Euro / US Dollar (EURUSD) Sat, 18 Mar 2023
Euro / US Dollar (EURUSD) free Sat, 11 Mar 2023
Euro / US Dollar (EURUSD) Sat, 4 Mar 2023
Euro / US Dollar (EURUSD) Sat, 25 Feb 2023
History
Daily-Trading-Opportunities on EURUSD.