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: -120 pip
Closed trade(s): 0 pip Profit
Open trade(s): -120 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 81.95 (day close price) based on 'Peak' at 2021.06.17.

Open Profit:
Profit for one trade is 81.95(open price) - 82.07(current price) = -12 pip
10 trade(s) still open, therefore total profit for open trade(s) is -12 x 10 = -120 pip

#SGDJPY
Total Profit: 3603 pip
Closed trade(s): 3603 pip Profit
Open trade(s): 0 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 2020.05.19 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 2021.02.16 with 435 pip Profit.
TP5 @ 81.80 touched at 2021.03.26 with 600 pip Profit.
TP6 @ 83.05 touched at 2021.05.27 with 725 pip Profit.
85 + 130 + 280 + 435 + 600 + 725 = 2255 pip

Closed Profit:
Profit for one trade is 82.54(current price) - 75.80(open price) = 674 pip
2 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 674 x 2 = 1348 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJune 18, 2021 - 00:17
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 83.050, beginning of downtrend is expected.
  • We make sure when the support at 81.350 breaks.
  • If the resistance at 83.050 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 82.325 on 2021-03-31 and the peak at 83.03 on 2021-05-28, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • The RSI support #1 at 47 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 82.94 on 06/14/2021, so more losses to support(s) 81.80 and minimum to Major Support (81.35) 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. 81.80
  2. 81.35
  3. 80.90
  4. 80.40
  5. 79.85
  6. 78.60
  7. 76.20
  8. 74.25
  9. 72.05
Click on the level to view price action history.