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Weekly forecast US Dollar / Singapore Dollar technical chart
Symbol USDSGD

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Trade Setup
#USDSGD
Total Profit: -216 pip
Closed trade(s): 0 pip Profit
Open trade(s): -216 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.3311 based on 'Valley' entry method at 2021.01.11.

Open Profit:
Profit for one trade is 1.3284(current price) - 1.3311(open price) = -27 pip
8 trade(s) still open, therefore total profit for open trade(s) is -27 x 8 = -216 pip

#USDSGD
Total Profit: -1225 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1225 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.3459 based on 'Hammer' entry method at 2020.11.09.

Open Profit:
Profit for one trade is 1.3284(current price) - 1.3459(open price) = -175 pip
7 trade(s) still open, therefore total profit for open trade(s) is -175 x 7 = -1225 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.

DateJanuary 16, 2021 - 19:46
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.2995, beginning of uptrend is expected.
  • We make sure when the resistance at 1.3460 breaks.
  • If the support at 1.2995 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 trough is formed in daily chart at 1.3146 on 01/06/2021, so more gains to resistance(s) 1.3335, 1.3390 and maximum to Major Resistance (1.3460) 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 51.

Take Profits:

  1. 1.3335
  2. 1.3390
  3. 1.3460
  4. 1.3675
  5. 1.3785
  6. 1.4035
  7. 1.4635
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Singapore Dollar (USDSGD) new free Sat, 6 Mar 2021
US Dollar / Singapore Dollar (USDSGD) free Sun, 28 Feb 2021
US Dollar / Singapore Dollar (USDSGD) Sun, 21 Feb 2021
US Dollar / Singapore Dollar (USDSGD) Sat, 13 Feb 2021
US Dollar / Singapore Dollar (USDSGD) Sat, 6 Feb 2021