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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

#EURUSD
Total Profit: 321 pip
Closed trade(s): 321 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 16 BUY trade(s) @ 1.0622 (day close price) based on 'Valley' at 2017.03.03 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURUSD...

Closed Profit:
TP1 @ 1.0715 touched at 2017.03.15 with 93 pip Profit.
TP2 @ 1.0850 touched at 2017.03.27 with 228 pip Profit.
93 + 228 = 321 pip

14 other break-even trades closed at entry price, therefore no profit no loss.
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.0520 to 1.0335). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.0520)
    • Support on 03/09/2017
    • Support on 03/01/2017
    • Support on 02/22/2017
    • Support on 02/21/2017
    • Trough on 02/15/2017
    • Support on 02/15/2017
    • Support on 01/11/2017
    • Support on 01/09/2017
    • Support on 01/06/2017
    • Resistance on 01/03/2017
    • Resistance on 01/02/2017
    • Resistance on 12/30/2016
    • Support on 12/14/2016
    • Support on 12/12/2016
    • Support on 12/09/2016
    • Support on 12/05/2016
    • Support on 11/24/2016
    • Support on 11/23/2016
    • Support on 12/03/2015
    • Trough on 04/15/2015
    • Trough on 04/14/2015
    • Support on 04/14/2015
    • Trough on 04/13/2015
    • Support on 04/13/2015
    • Support on 03/12/2015
    • Support on 03/11/2015
    • Support on 03/21/2003
  • Ending of entry zone (1.0335)
    • Support on 01/03/2017
DateApril 8, 2017 - 07:35
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 1.0905 on 03/27/2017, so more losses minimum to Trend Hunter Buy Zone (1.0520 to 1.0335) 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 39.

Take Profits:

  1. 1.0715
  2. 1.0850
  3. 1.1000
  4. 1.1140
  5. 1.1365
  6. 1.1615
  7. 1.1875
  8. 1.2035
  9. 1.2660
  10. 1.3520
  11. 1.3960
  12. 1.4240
  13. 1.4940
  14. 1.5140
  15. 1.6020
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / US Dollar (EURUSD) Sun, 14 Apr 2024
Euro / US Dollar (EURUSD) Sun, 14 Apr 2024
Euro / US Dollar (EURUSD) Sat, 6 Apr 2024
Euro / US Dollar (EURUSD) Sat, 30 Mar 2024
Euro / US Dollar (EURUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on EURUSD.