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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

#EURUSD
Total Profit: 3416 pip
Closed trade(s): 656 pip Profit
Open trade(s): 2760 pip Profit
_______________________________________________
Trade Setup:
We opened 11 SELL trade(s) @ 1.1952 (day close price) based on 'Peak' at 2017.09.11 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.1875 touched at 2017.09.13 with 77 pip Profit.
TP2 @ 1.1710 touched at 2017.10.03 with 242 pip Profit.
TP3 @ 1.1615 touched at 2017.10.27 with 337 pip Profit.
77 + 242 + 337 = 656 pip

Open Profit:
Profit for one trade is 1.1952(open price) - 1.1607(current price) = 345 pip
8 trade(s) still open, therefore total profit for open trade(s) is 345 x 8 = 2760 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.2040 to 1.2070). 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 (1.2040)
    • Resistance on 09/20/2017
    • Resistance on 09/08/2017
    • Resistance on 09/07/2017
    • Resistance on 08/29/2017
    • Trough on 07/30/2012
    • Trough on 07/27/2012
    • Trough on 07/26/2012
    • Trough on 07/25/2012
    • Support on 07/25/2012
    • Trough on 07/24/2012
    • Support on 07/24/2012
  • Ending of entry zone (1.2070)
    • Resistance on 09/08/2017
    • Peak on 08/29/2017
    • Resistance on 08/29/2017
    • Resistance on 01/02/2015
DateOctober 28, 2017 - 12:12
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 1.1835 on 10/26/2017, so more losses to support(s) 1.1495, 1.1320, 1.1140 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. 1.1875
  2. 1.1710
  3. 1.1615
  4. 1.1495
  5. 1.1320
  6. 1.1140
  7. 1.0850
  8. 1.0715
  9. 1.0520
  10. 1.0335
Click on the level to view price action history.
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History
Daily-Trading-Opportunities on EURUSD.