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

#EURUSD
Total Profit: 3380 pip
Closed trade(s): 2554 pip Profit
Open trade(s): 826 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.
TP6 @ 1.06700 touched at 2024-11-11 with 464 pip Profit.
TP7 @ 1.06005 touched at 2024-11-12 with 533 pip Profit.
TP8 @ 1.05000 touched at 2024-11-14 with 634 pip Profit.
23 + 123 + 184 + 247 + 346 + 464 + 533 + 634 = 2554 pip

Open Profit:
Profit for one SELL trade is 1.11338(open price) - 1.03081(current price) = 826 pip
1 trade(s) still open, therefore total profit for open trade(s) is 826 x 1 = 826 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 1.07770 is broken, we will close open trades.
DateJanuary 4, 2025 - 11:46
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.07770 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 1.07770 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.06290 on 12/06/2024, so more losses to support(s) 1.02240, 1.01000, 1.00000 and more depths 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 36.

Take Profits:

  1. 1.06005
  2. 1.05177
  3. 1.04575
  4. 1.03325
  5. 1.02240
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / US Dollar (EURUSD) free Sat, 11 Jan 2025
Euro / US Dollar (EURUSD) free Sat, 4 Jan 2025
Euro / US Dollar (EURUSD) free Sat, 28 Dec 2024
Euro / US Dollar (EURUSD) free Sat, 21 Dec 2024
Euro / US Dollar (EURUSD) free Sat, 14 Dec 2024
History
Daily-Trading-Opportunities on EURUSD.