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Weekly forecast US Dollar / Singapore Dollar technical chart
Symbol USDSGD

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Trade Setup
#USDSGD
Total Profit: 39 pip
Closed trade(s): 39 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1.4156 (day close price) based on 'Valley' at 2020.05.11.

Closed Profit:
TP1 @ 1.4195 touched at 2020.05.14 with 39 pip Profit.

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 Buy Zone (1.4095 to 1.4035). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.4095)
    • Resistance on 08/13/2008
    • Support on 08/20/2008
    • Support on 08/28/2008
    • Support on 09/16/2009
    • Support on 09/17/2009
    • Support on 09/23/2009
    • Support on 09/24/2009
    • Resistance on 10/06/2009
    • Resistance on 12/22/2009
    • Resistance on 12/23/2009
    • Resistance on 12/24/2009
    • Support on 02/11/2010
    • Support on 02/23/2010
    • Support on 02/24/2010
    • Resistance on 02/26/2010
    • Resistance on 05/07/2010
    • Resistance on 05/20/2010
    • Resistance on 05/21/2010
    • Resistance on 05/24/2010
    • Resistance on 06/03/2010
    • Support on 06/08/2010
    • Support on 06/09/2010
    • Resistance on 08/12/2015
    • Resistance on 08/17/2015
    • Resistance on 08/24/2015
    • Resistance on 08/25/2015
    • Resistance on 08/28/2015
    • Support on 09/09/2015
    • Support on 09/10/2015
    • Support on 09/11/2015
    • Resistance on 09/21/2015
    • Support on 10/07/2015
    • Support on 11/20/2015
    • Support on 11/23/2015
    • Resistance on 11/25/2015
    • Resistance on 12/08/2015
    • Resistance on 12/15/2015
    • Resistance on 12/16/2015
    • Support on 02/03/2016
    • Resistance on 02/05/2016
    • Resistance on 02/08/2016
    • Resistance on 02/17/2016
    • Resistance on 02/24/2016
    • Resistance on 02/26/2016
    • Resistance on 02/29/2016
    • Support on 01/26/2017
    • Support on 02/02/2017
    • Support on 02/22/2017
    • Resistance on 03/01/2017
    • Support on 03/08/2017
    • Support on 03/10/2017
    • Support on 03/13/2017
    • Resistance on 05/10/2017
    • Resistance on 03/12/2020
    • Support on 04/13/2020
    • Support on 04/29/2020
    • Support on 05/08/2020
  • Ending of entry zone (1.4035)
    • Support on 08/11/2008
    • Support on 08/13/2008
    • Support on 08/14/2008
    • Support on 08/21/2008
    • Support on 08/22/2008
    • Resistance on 10/28/2009
    • Resistance on 10/29/2009
    • Resistance on 11/02/2009
    • Resistance on 11/03/2009
    • Resistance on 12/17/2009
    • Resistance on 12/18/2009
    • Support on 12/29/2009
    • Support on 12/30/2009
    • Support on 12/31/2009
    • Resistance on 01/26/2010
    • Support on 02/16/2010
    • Support on 02/17/2010
    • Support on 02/23/2010
    • Support on 03/01/2010
    • Resistance on 03/03/2010
    • Resistance on 03/22/2010
    • Resistance on 03/29/2010
    • Resistance on 05/06/2010
    • Resistance on 05/07/2010
    • Resistance on 05/19/2010
    • Support on 06/04/2010
    • Resistance on 06/29/2010
    • Resistance on 06/30/2010
    • Resistance on 07/01/2010
    • Resistance on 08/11/2015
    • Resistance on 08/12/2015
    • Resistance on 08/13/2015
    • Resistance on 08/19/2015
    • Resistance on 08/20/2015
    • Support on 08/25/2015
    • Support on 08/26/2015
    • Support on 09/01/2015
    • Support on 09/14/2015
    • Resistance on 09/16/2015
    • Resistance on 10/09/2015
    • Resistance on 10/13/2015
    • Resistance on 10/14/2015
    • Resistance on 10/28/2015
    • Resistance on 10/29/2015
    • Resistance on 10/30/2015
    • Resistance on 11/02/2015
    • Resistance on 11/04/2015
    • Support on 11/06/2015
    • Support on 11/25/2015
    • Support on 11/26/2015
    • Support on 12/01/2015
    • Support on 12/02/2015
    • Support on 12/08/2015
    • Support on 12/16/2015
    • Support on 12/17/2015
    • Resistance on 02/18/2016
    • Resistance on 02/22/2016
    • Resistance on 03/02/2016
    • Support on 02/03/2017
    • Support on 02/06/2017
    • Support on 02/23/2017
    • Resistance on 04/10/2017
    • Resistance on 04/11/2017
    • Resistance on 04/12/2017
    • Support on 05/09/2017
    • Resistance on 05/15/2017
    • Resistance on 02/20/2020
    • Resistance on 02/24/2020

DateMay 30, 2020 - 23:09
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.40350, resumption of uptrend is expected.
  • We make sure when the resistance at 1.46350 breaks.
  • If the support at 1.40350 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1.4257 on 05/25/2020, so more losses to support(s) 1.4095 and minimum to Major Support (1.4035) 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. 1.4195
  2. 1.4315
  3. 1.4405
  4. 1.4535
  5. 1.4635
Click on the level to view price action history.