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Weekly forecast Singapore Dollar / Japanese Yen technical chart
Symbol SGDJPY

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Trade Setup

#SGDJPY
Total Profit: 506 pip
Closed trade(s): 506 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 81.89 based on 'Shooting star' entry method at 2021.07.06.

Closed Profit:
TP1 @ 81.35 touched at 2021.07.08 with 54 pip Profit.
TP2 @ 80.90 touched at 2021.07.08 with 99 pip Profit.
TP3 @ 80.40 touched at 2021.07.19 with 149 pip Profit.
TP4 @ 79.85 touched at 2021.07.20 with 204 pip Profit.
54 + 99 + 149 + 204 = 506 pip

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

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (81.90 to 82.20). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (81.90)
    • Support on 05/13/2013
    • Support on 05/14/2013
    • Support on 05/15/2013
    • Resistance on 05/20/2013
    • Resistance on 05/22/2013
    • Resistance on 12/02/2013
    • Resistance on 12/03/2013
    • Resistance on 12/04/2013
    • Support on 12/13/2013
    • Support on 12/16/2013
    • Support on 12/23/2013
    • Support on 01/06/2014
    • Support on 01/07/2014
    • Support on 01/15/2014
    • Support on 01/16/2014
    • Resistance on 03/07/2014
    • Support on 04/04/2014
    • Resistance on 04/08/2014
    • Resistance on 04/10/2014
    • Resistance on 04/17/2014
    • Resistance on 04/18/2014
    • Resistance on 04/21/2014
    • Resistance on 04/22/2014
    • Resistance on 05/02/2014
    • Resistance on 06/06/2014
    • Resistance on 06/11/2014
    • Resistance on 07/07/2014
    • Resistance on 07/08/2014
    • Resistance on 07/09/2014
    • Resistance on 07/10/2014
    • Resistance on 07/14/2014
    • Resistance on 07/15/2014
    • Resistance on 07/16/2014
    • Resistance on 07/17/2014
    • Resistance on 07/22/2014
    • Support on 07/29/2014
    • Resistance on 08/07/2014
    • Resistance on 08/12/2014
    • Support on 08/14/2014
    • Support on 01/07/2016
    • Resistance on 01/19/2016
    • Resistance on 01/20/2016
    • Support on 01/22/2016
    • Support on 02/08/2016
    • Support on 02/09/2016
    • Resistance on 02/15/2016
    • Resistance on 02/16/2016
    • Resistance on 03/03/2016
    • Support on 03/07/2016
    • Resistance on 03/09/2016
    • Resistance on 03/10/2016
    • Support on 03/23/2016
    • Support on 03/24/2016
    • Support on 03/25/2016
    • Resistance on 12/15/2016
    • Resistance on 12/16/2016
    • Resistance on 07/03/2017
    • Resistance on 07/04/2017
    • Support on 07/12/2017
    • Support on 07/13/2017
    • Support on 07/14/2017
    • Resistance on 07/21/2017
    • Resistance on 07/27/2017
    • Resistance on 09/13/2017
    • Resistance on 09/14/2017
    • Support on 02/06/2018
    • Resistance on 04/10/2018
    • Resistance on 04/13/2018
    • Resistance on 04/16/2018
    • Resistance on 04/19/2018
    • Resistance on 04/20/2018
    • Resistance on 04/23/2018
    • Resistance on 05/04/2018
    • Resistance on 05/10/2018
    • Resistance on 05/11/2018
    • Resistance on 05/24/2018
    • Resistance on 06/01/2018
    • Resistance on 07/10/2018
    • Support on 07/12/2018
    • Support on 07/19/2018
    • Resistance on 09/18/2018
    • Resistance on 09/19/2018
    • Resistance on 10/10/2018
    • Support on 11/13/2018
    • Support on 11/16/2018
    • Support on 11/23/2018
    • Support on 11/26/2018
    • Support on 12/06/2018
    • Support on 12/10/2018
    • Support on 12/17/2018
    • Support on 12/18/2018
    • Resistance on 12/20/2018
    • Resistance on 02/20/2019
    • Resistance on 02/21/2019
    • Resistance on 02/22/2019
    • Support on 02/27/2019
    • Support on 02/28/2019
    • Support on 03/13/2019
    • Support on 03/21/2019
    • Support on 04/03/2019
    • Support on 04/09/2019
    • Support on 04/10/2019
    • Support on 04/11/2019
    • Resistance on 04/29/2019
    • Resistance on 04/30/2019
    • Resistance on 05/01/2019
    • Resistance on 05/02/2019
    • Resistance on 04/07/2021
    • Resistance on 04/27/2021
    • Resistance on 04/28/2021
    • Resistance on 05/03/2021
    • Resistance on 05/07/2021
    • Support on 05/13/2021
    • Resistance on 05/17/2021
    • Resistance on 05/18/2021
    • Resistance on 05/19/2021
    • Resistance on 05/25/2021
    • Support on 06/17/2021
    • Resistance on 06/21/2021
    • Support on 07/06/2021
    • Resistance on 07/08/2021
    • Resistance on 09/01/2021
  • Ending of entry zone (82.20)
    • Resistance on 04/29/2021
    • Resistance on 05/03/2021
    • Resistance on 05/13/2021
    • Support on 05/27/2021
    • Resistance on 06/18/2021
    • Resistance on 06/22/2021
DateSeptember 5, 2021 - 15:18
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 79.850 breaks.
  • If the resistance at 83.050 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 80.10 on 08/19/2021, so more gains to resistance(s) 81.90, 82.20, 82.75 and maximum to Major Resistance (83.05) 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 59.

Take Profits:

  1. 81.35
  2. 80.90
  3. 80.40
  4. 79.85
  5. 78.60
  6. 76.20
  7. 74.25
Click on the level to view price action history.
Symbol Released Current Forecast
Singapore Dollar / Japanese Yen (SGDJPY) new Sun, 14 Apr 2024
Singapore Dollar / Japanese Yen (SGDJPY) Sun, 7 Apr 2024
Singapore Dollar / Japanese Yen (SGDJPY) Sun, 31 Mar 2024
Singapore Dollar / Japanese Yen (SGDJPY) Sun, 24 Mar 2024
Singapore Dollar / Japanese Yen (SGDJPY) Sun, 24 Mar 2024
History
Daily-Trading-Opportunities on SGDJPY.