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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup
#EURUSD
Total Profit: 351 pip
Closed trade(s): 0 pip Profit
Open trade(s): 351 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.1325 (day close price) based on 'Two-day reversal candle (Hammer)' at 2019.02.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.1364(current price) - 1.1325(open price) = 39 pip
9 trade(s) still open, therefore total profit for open trade(s) is 39 x 9 = 351 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateMarch 2, 2019 - 13:52
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.11800, beginning of uptrend is expected.
  • We make sure when the resistance at 1.15300 breaks.
  • If the support at 1.11800 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • A trough is formed in daily chart at 1.1234 on 02/15/2019, so more gains to resistance(s) 1.1430 and maximum to Major Resistance (1.1530) 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 51.

Take Profits:

  1. 1.1430
  2. 1.1530
  3. 1.1615
  4. 1.1725
  5. 1.1885
  6. 1.2045
  7. 1.2235
  8. 1.2555
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.