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Weekly forecast US Dollar / Singapore Dollar technical chart
Symbol USDSGD

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Trade Setup
#USDSGD
Total Profit: 37 pip
Closed trade(s): 37 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.3297 based on 'Valley' entry method at 2021.04.30.

Closed Profit:
TP1 @ 1.3335 touched at 2021.05.04 with 37 pip Profit.

7 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 (1.3235 to 1.3145). 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 (1.3235)
    • Resistance on 12/05/2014
    • Resistance on 12/08/2014
    • Resistance on 12/26/2014
    • Resistance on 12/29/2014
    • Resistance on 12/30/2014
    • Resistance on 12/31/2014
    • Support on 01/15/2015
    • Support on 01/16/2015
    • Support on 04/27/2015
    • Resistance on 04/30/2015
    • Support on 05/08/2015
    • Resistance on 05/14/2015
    • Resistance on 05/15/2015
    • Resistance on 01/15/2018
    • Resistance on 01/16/2018
    • Resistance on 01/17/2018
    • Resistance on 01/18/2018
    • Resistance on 02/14/2018
    • Resistance on 02/21/2018
    • Resistance on 02/22/2018
    • Resistance on 02/23/2018
    • Resistance on 02/27/2018
    • Resistance on 03/01/2018
    • Support on 05/01/2018
    • Support on 12/17/2020
    • Resistance on 01/07/2021
    • Support on 01/20/2021
    • Support on 01/25/2021
    • Support on 01/26/2021
    • Support on 02/10/2021
    • Support on 04/26/2021
    • Support on 04/27/2021
    • Support on 04/28/2021
    • Support on 04/29/2021
    • Support on 04/30/2021
  • Ending of entry zone (1.3145)
    • Resistance on 12/04/2014
    • Support on 12/09/2014
    • Resistance on 12/18/2014
    • Support on 04/28/2015
    • Support on 04/29/2015
    • Support on 05/14/2015
    • Resistance on 01/30/2018
    • Resistance on 02/15/2018
    • Resistance on 02/19/2018
    • Support on 02/26/2018
    • Support on 03/06/2018
    • Support on 03/09/2018
    • Resistance on 03/12/2018
    • Resistance on 03/26/2018
    • Resistance on 04/04/2018
    • Resistance on 04/06/2018
    • Resistance on 04/09/2018
    • Support on 01/04/2021
    • Support on 01/06/2021

DateMay 8, 2021 - 15:29
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.3145, beginning of uptrend is expected.
  • We make sure when the resistance at 1.3500 breaks.
  • If the support at 1.3145 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 1.3380 on 05/05/2021, so more losses to support(s) 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 39.

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 Sun, 20 Jun 2021
US Dollar / Singapore Dollar (USDSGD) free Sat, 12 Jun 2021
US Dollar / Singapore Dollar (USDSGD) Sun, 6 Jun 2021
US Dollar / Singapore Dollar (USDSGD) Sat, 29 May 2021
US Dollar / Singapore Dollar (USDSGD) Sat, 22 May 2021