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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.1820 to 1.1960). 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 (1.1820)
    • Resistance on 08/08/2017
    • Resistance on 08/11/2017
    • Resistance on 08/21/2017
    • Resistance on 08/22/2017
    • Resistance on 08/23/2017
    • Resistance on 08/24/2017
    • Support on 08/31/2017
    • Resistance on 09/29/2017
    • Resistance on 10/02/2017
    • Resistance on 10/10/2017
    • Resistance on 10/16/2017
    • Resistance on 10/25/2017
    • Resistance on 10/26/2017
    • Resistance on 11/15/2017
    • Resistance on 11/17/2017
    • Support on 11/28/2017
    • Support on 11/29/2017
    • Support on 11/30/2017
    • Support on 12/05/2017
    • Resistance on 12/07/2017
    • Resistance on 12/15/2017
    • Resistance on 12/18/2017
    • Trough on 05/09/2018
    • Support on 05/09/2018
    • Support on 05/15/2018
    • Resistance on 06/07/2018
    • Resistance on 06/11/2018
    • Resistance on 06/14/2018
  • Ending of entry zone (1.1960)
    • Support on 08/29/2017
    • Resistance on 09/01/2017
    • Resistance on 09/15/2017
    • Resistance on 09/18/2017
    • Resistance on 09/21/2017
    • Resistance on 09/22/2017
    • Peak on 11/27/2017
    • Resistance on 11/27/2017
    • Resistance on 12/28/2017
    • Support on 01/08/2018
    • Resistance on 05/11/2018
    • Resistance on 05/14/2018
DateJune 23, 2018 - 11:50
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.20900 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.151 on 2018-05-29 and the trough at 1.151 on 2018-06-21, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • A trough is formed in daily chart at 1.1510 on 06/21/2018, so more gains to resistance(s) 1.1700, 1.1820, 1.1915 and maximum to Major Resistance (1.2090) 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 45.

Take Profits:

  1. 1.1700
  2. 1.1615
  3. 1.1510
  4. 1.1440
  5. 1.1180
  6. 1.0850
  7. 1.0335
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.