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Weekly forecast US Dollar / Singapore Dollar technical chart
Symbol USDSGD

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Trade Setup
#USDSGD
Total Profit: 702 pip
Closed trade(s): 252 pip Profit
Open trade(s): 450 pip Profit

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

Closed Profit:
TP1 @ 1.3335 touched at 2021.02.04 with 24 pip Profit.
TP2 @ 1.3390 touched at 2021.03.05 with 79 pip Profit.
TP3 @ 1.3460 touched at 2021.03.08 with 149 pip Profit.
24 + 79 + 149 = 252 pip

Open Profit:
Profit for one trade is 1.3401(current price) - 1.3311(open price) = 90 pip
5 trade(s) still open, therefore total profit for open trade(s) is 90 x 5 = 450 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.

DateApril 10, 2021 - 20:12
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.31450, beginning of uptrend is expected.
  • We make sure when the resistance at 1.35000 breaks.
  • If the support at 1.31450 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 1.3485 on 03/30/2021, so more losses to support(s) 1.3390, 1.3335, 1.3235 and minimum to Major Support (1.3145) 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 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.