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Weekly forecast US Dollar / Singapore Dollar technical chart
Symbol USDSGD

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Trade Setup
#USDSGD
Total Profit: 1428 pip
Closed trade(s): 790 pip Profit
Open trade(s): 638 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.3563 (day close price) based on 'Valley' at 2020.01.27.

Closed Profit:
TP1 @ 1.3600 touched at 2020.01.29 with 37 pip Profit.
TP2 @ 1.3665 touched at 2020.02.03 with 102 pip Profit.
TP3 @ 1.3715 touched at 2020.02.04 with 152 pip Profit.
TP4 @ 1.3780 touched at 2020.02.05 with 217 pip Profit.
TP5 @ 1.3845 touched at 2020.02.06 with 282 pip Profit.
37 + 102 + 152 + 217 + 282 = 790 pip

Open Profit:
Profit for one trade is 1.3882(current price) - 1.3563(open price) = 319 pip
2 trade(s) still open, therefore total profit for open trade(s) is 319 x 2 = 638 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 1.36650 is broken, we will close open trades.
DateFebruary 8, 2020 - 23:58
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.36650, beginning of uptrend is expected.
  • We make sure when the resistance at 1.39300 breaks.
  • If the support at 1.36650 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.36650 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.3435 on 12/31/2019, so more gains maximum to Major Resistance (1.3930) 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 89.

Take Profits:

  1. 1.3600
  2. 1.3665
  3. 1.3715
  4. 1.3780
  5. 1.3845
  6. 1.3930
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Singapore Dollar (USDSGD) Sun, 14 Apr 2024
US Dollar / Singapore Dollar (USDSGD) Sat, 6 Apr 2024
US Dollar / Singapore Dollar (USDSGD) Sat, 30 Mar 2024
US Dollar / Singapore Dollar (USDSGD) Sat, 30 Mar 2024
US Dollar / Singapore Dollar (USDSGD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on USDSGD.