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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

#EURUSD
Total Profit: 280 pip
Closed trade(s): 280 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 12 SELL trade(s) @ 1.2405 (day close price) based on 'Peak' at 2018.02.16 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.2325 touched at 2018.02.20 with 80 pip Profit.
TP2 @ 1.2205 touched at 2018.02.28 with 200 pip Profit.
80 + 200 = 280 pip

All 10 trades closed at entry price, therefore no profit no loss.
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.2445 to 1.2595). 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 (1.2445)
    • Resistance on 03/08/2018
    • Peak on 03/08/2018
    • Resistance on 03/07/2018
    • Support on 02/15/2018
    • Resistance on 02/06/2018
    • Resistance on 02/05/2018
    • Support on 02/02/2018
    • Resistance on 01/31/2018
    • Resistance on 01/30/2018
    • Resistance on 01/26/2018
    • Resistance on 01/25/2018
  • Ending of entry zone (1.2595)
    • Resistance on 11/19/2014
    • Support on 10/30/2014
    • Support on 10/10/2014
    • Support on 10/07/2014
    • Support on 10/01/2014
    • Support on 09/30/2014
    • Resistance on 09/04/2012
    • Resistance on 09/03/2012
    • Resistance on 08/31/2012
    • Resistance on 08/23/2012
    • Resistance on 06/22/2012
    • Resistance on 06/13/2012
    • Resistance on 06/07/2012
    • Resistance on 06/06/2012
    • Support on 08/25/2010
    • Support on 08/24/2010
    • Support on 07/09/2010
    • Resistance on 07/02/2010
    • Resistance on 05/21/2010
    • Resistance on 05/20/2010
    • Resistance on 05/14/2010
    • Support on 05/12/2010
    • Support on 05/07/2010
    • Support on 05/06/2010
    • Support on 03/11/2009
    • Support on 02/27/2009
    • Support on 02/20/2009
    • Support on 12/04/2008
    • Support on 12/03/2008
    • Support on 12/02/2008
    • Support on 12/01/2008
    • Support on 11/24/2008
    • Resistance on 11/21/2008
    • Support on 11/18/2008
    • Support on 11/14/2008
    • Support on 10/29/2008
    • Resistance on 10/27/2008
    • Support on 10/24/2008
    • Resistance on 10/10/2006
    • Support on 10/06/2006
    • Resistance on 07/19/2006
    • Resistance on 06/28/2006
    • Resistance on 06/27/2006
    • Resistance on 06/26/2006
    • Resistance on 06/23/2006
    • Support on 06/15/2006
    • Support on 06/09/2006
    • Support on 05/04/2006
    • Resistance on 09/05/2005

DateMarch 10, 2018 - 23:53
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.25400, beginning of downtrend is expected.
  • We make sure when the support at 1.20200 breaks.
  • If the resistance at 1.25400 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.2445 on 03/08/2018, so more losses to support(s) 1.2205, 1.2090, 1.2020 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 49.

Take Profits:

  1. 1.2325
  2. 1.2205
  3. 1.2090
  4. 1.2020
  5. 1.1880
  6. 1.1700
  7. 1.1555
  8. 1.1440
  9. 1.1180
  10. 1.0850
  11. 1.0335
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