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Weekly forecast US Dollar / Singapore Dollar technical chart
Symbol USDSGD

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Trade Setup
#USDSGD
Total Profit: -672 pip
Closed trade(s): 0 pip Profit
Open trade(s): -672 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1.3698 (day close price) based on 'Valley' at 2020.09.08.

Open Profit:
Profit for one trade is 1.3586(current price) - 1.3698(open price) = -112 pip
6 trade(s) still open, therefore total profit for open trade(s) is -112 x 6 = -672 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.
DateSeptember 19, 2020 - 21:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.34300, beginning of uptrend is expected.
  • We make sure when the resistance at 1.37450 breaks.
  • If the support at 1.34300 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 1.3710 on 09/09/2020, so more losses to support(s) 1.3550 and minimum to Major Support (1.3430) 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 40.

Take Profits:

  1. 1.3745
  2. 1.3885
  3. 1.4035
  4. 1.4270
  5. 1.4635
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.