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

#EURUSD
Total Profit: 2123 pip
Closed trade(s): 923 pip Profit
Open trade(s): 1200 pip Profit

Trade Setup:
We opened 9 SELL trades @ 1.11338 based on 'Shooting Star' entry method at 2024-09-30, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 1.11110 touched at 2024-10-01 with 23 pip Profit.
TP2 @ 1.10114 touched at 2024-10-03 with 123 pip Profit.
TP3 @ 1.09500 touched at 2024-10-09 with 184 pip Profit.
TP4 @ 1.08870 touched at 2024-10-15 with 247 pip Profit.
TP5 @ 1.07880 touched at 2024-10-23 with 346 pip Profit.
23 + 123 + 184 + 247 + 346 = 923 pip

Open Profit:
Profit for one SELL trade is 1.11338(open price) - 1.08341(current price) = 300 pip
4 trade(s) still open, therefore total profit for open trade(s) is 300 x 4 = 1200 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.10114 is broken, we will close open trades.
DateNovember 2, 2024 - 09:12
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.10114 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 1.10114 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.07605 on 10/23/2024, so more gains to resistance(s) 1.08870, 1.09550 and maximum to Major Resistance (1.10114) 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 41.

Take Profits:

  1. 1.11110
  2. 1.10114
  3. 1.09550
  4. 1.08870
  5. 1.07880
  6. 1.06700
  7. 1.06005
  8. 1.05000
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / US Dollar (EURUSD) new Sat, 30 Nov 2024
Euro / US Dollar (EURUSD) free Sat, 23 Nov 2024
Euro / US Dollar (EURUSD) free Sat, 16 Nov 2024
Euro / US Dollar (EURUSD) free Wed, 13 Nov 2024
Euro / US Dollar (EURUSD) free Fri, 8 Nov 2024
History
Daily-Trading-Opportunities on EURUSD.