website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Singapore Dollar / Japanese Yen technical chart
Symbol SGDJPY

Download MT4 template file

Trade Setup
#SGDJPY
Total Profit: 3336 pip
Closed trade(s): 1530 pip Profit
Open trade(s): 1806 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 75.80 based on 'Valley' at 2020.05.11.

Closed Profit:
TP1 @ 76.65 touched at 2020.06.02 with 85 pip Profit.
TP2 @ 77.10 touched at 2020.06.02 with 130 pip Profit.
TP3 @ 78.60 touched at 2020.06.05 with 280 pip Profit.
TP4 @ 80.15 touched at 2021.02.24 with 435 pip Profit.
TP5 @ 81.80 touched at 2021.03.30 with 600 pip Profit.
85 + 130 + 280 + 435 + 600 = 1530 pip

Open Profit:
Profit for one trade is 81.82(current price) - 75.80(open price) = 602 pip
3 trade(s) still open, therefore total profit for open trade(s) is 602 x 3 = 1806 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.
  • If the Midterm level 80.900 is broken, we will close open trades.

DateMay 16, 2021 - 12:08
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 80.900 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 80.900 is broken.

Technical analysis:

  • While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 82.30 on 05/13/2021, so more losses to support(s) 81.80 and minimum to Major Support (80.90) 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 55.

Take Profits:

  1. 76.65
  2. 77.10
  3. 78.60
  4. 80.15
  5. 81.80
  6. 83.05
  7. 85.25
Click on the level to view price action history.