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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup
#EURUSD
Total Profit: 105 pip
Closed trade(s): 105 pip Profit
Open trade(s): 0 pip Profit

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

Closed Profit:
TP1 @ 1.1430 touched at 2019.03.20 with 105 pip Profit.

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

Trading suggestion:

Price is in the Trend Hunter Buy Zone (1.1300 to 1.1235).

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

  • Beginning of entry zone (1.1300)
    • Resistance on 09/08/2016
    • Resistance on 11/09/2016
    • Resistance on 06/14/2017
    • Trough on 08/15/2018
    • Support on 08/15/2018
    • Trough on 10/31/2018
    • Support on 10/31/2018
    • Resistance on 11/13/2018
    • Support on 11/30/2018
    • Support on 12/11/2018
    • Support on 12/14/2018
    • Support on 12/17/2018
    • Support on 01/03/2019
    • Support on 01/24/2019
    • Support on 01/25/2019
    • Resistance on 02/14/2019
    • Resistance on 02/15/2019
    • Support on 02/19/2019
    • Support on 03/05/2019
    • Support on 03/06/2019
    • Resistance on 03/12/2019
  • Ending of entry zone (1.1235)
    • Support on 09/07/2016
    • Support on 09/08/2016
    • Resistance on 09/13/2016
    • Resistance on 09/22/2016
    • Resistance on 09/23/2016
    • Resistance on 09/28/2016
    • Resistance on 09/29/2016
    • Resistance on 10/03/2016
    • Resistance on 10/04/2016
    • Resistance on 10/05/2016
    • Resistance on 11/09/2016
    • Resistance on 05/25/2017
    • Resistance on 05/26/2017
    • Resistance on 06/09/2017
    • Resistance on 06/12/2017
    • Resistance on 06/14/2017
    • Resistance on 06/15/2017
    • Support on 02/15/2019
    • Resistance on 03/08/2019
DateMarch 23, 2019 - 17:46
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 resistance #1 at 62 and it prevented price from more gains.
  • While the RSI support #2 at 31 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 1.1175 on 03/07/2019, so more gains to resistance(s) 1.1300, 1.1340, 1.1430 and maximum to Major Resistance (1.1530) 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 46.

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.