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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup
#EURUSD
Total Profit: 889 pip
Closed trade(s): 70 pip Profit
Open trade(s): 819 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 1.1240 (day close price) based on 'Valley' at 2019.06.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.1250 touched at 2019.06.04 with 10 pip Profit.
TP2 @ 1.1300 touched at 2019.06.05 with 60 pip Profit.
10 + 60 = 70 pip

Open Profit:
Profit for one trade is 1.1331(current price) - 1.1240(open price) = 91 pip
9 trade(s) still open, therefore total profit for open trade(s) is 91 x 9 = 819 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.
DateJune 8, 2019 - 22:05
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.12150, beginning of uptrend is expected.
  • We make sure when the resistance at 1.14250 breaks.
  • If the support at 1.12150 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.11115 on 2019-04-26 and the trough at 1.1102 on 2019-06-08, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI resistance #1 at 62 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.1115 on 05/30/2019, so more gains to resistance(s) 1.1365 and maximum to Major Resistance (1.1425) 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 66.

Take Profits:

  1. 1.1250
  2. 1.1300
  3. 1.1365
  4. 1.1425
  5. 1.1530
  6. 1.1725
  7. 1.1865
  8. 1.2030
  9. 1.2230
  10. 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.