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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

#EURUSD
Total Profit: 281 pip
Closed trade(s): 171 pip Profit
Open trade(s): 110 pip Profit
_______________________________________________
Trade Setup:
We opened 7 SELL trade(s) @ 1.1263 (day close price) based on 'Peak' at 2016.08.24 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURUSD...

Closed Profit:
TP1 @ 1.1215 touched at 2016.08.26 with 48 pip Profit.
TP2 @ 1.1140 touched at 2016.08.30 with 123 pip Profit.
48 + 123 = 171 pip

Open Profit:
Profit for one trade is 1.1263(open price) - 1.1241(current price) = 22 pip
5 trade(s) still open, therefore total profit for open trade(s) is 22 x 5 = 110 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.1365 to 1.1640). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.1365)
    • Resistance on 08/23/2016
    • Resistance on 08/19/2016
    • Peak on 08/19/2016
    • Resistance on 08/18/2016
    • Peak on 08/18/2016
    • Resistance on 06/20/2016
    • Resistance on 06/07/2016
    • Resistance on 06/06/2016
    • Resistance on 06/03/2016
    • Support on 05/12/2016
    • Support on 05/11/2016
    • Support on 05/10/2016
    • Support on 05/09/2016
    • Resistance on 04/28/2016
    • Resistance on 04/27/2016
    • Resistance on 04/21/2016
    • Resistance on 04/20/2016
    • Resistance on 04/19/2016
    • Support on 04/12/2016
    • Support on 04/11/2016
    • Support on 04/08/2016
    • Support on 04/07/2016
    • Resistance on 03/30/2016
    • Resistance on 02/11/2016
    • Support on 10/15/2015
    • Support on 10/14/2015
    • Resistance on 10/12/2015
    • Resistance on 10/09/2015
    • Resistance on 09/14/2015
    • Resistance on 08/27/2015
    • Support on 08/24/2015
    • Resistance on 06/19/2015
    • Resistance on 06/18/2015
    • Resistance on 06/17/2015
    • Resistance on 06/10/2015
    • Resistance on 06/04/2015
    • Resistance on 05/13/2015
    • Resistance on 05/07/2015
    • Resistance on 05/06/2015
    • Resistance on 02/26/2015
    • Resistance on 02/25/2015
    • Resistance on 02/24/2015
    • Resistance on 02/09/2015
    • Resistance on 02/02/2015
    • Resistance on 01/30/2015
    • Resistance on 01/29/2015
  • Ending of entry zone (1.1640)
    • Resistance on 08/24/2015
    • Resistance on 01/22/2015
    • Resistance on 01/21/2015
    • Resistance on 01/19/2015
    • Resistance on 01/16/2015
    • Support on 11/17/2005
    • Support on 11/16/2005
    • Support on 11/15/2005
    • Support on 11/13/2005

DateOctober 1, 2016 - 17:07
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 1.1120 on 09/21/2016, so more gains maximum to Trend Hunter Sell Zone (1.1365 to 1.1640) 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 54.

Take Profits:

  1. 1.1215
  2. 1.1140
  3. 1.1050
  4. 1.0825
  5. 1.0715
  6. 1.0460
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / US Dollar (EURUSD) Sat, 23 Mar 2024
Euro / US Dollar (EURUSD) Sun, 17 Mar 2024
Euro / US Dollar (EURUSD) free Sat, 9 Mar 2024
Euro / US Dollar (EURUSD) Sat, 2 Mar 2024
Euro / US Dollar (EURUSD) Sun, 25 Feb 2024