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Weekly forecast US Dollar / Singapore Dollar technical chart
Symbol USDSGD

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Trade Setup

#USDSGD
Total Profit: 1396 pip
Closed trade(s): 568 pip Profit
Open trade(s): 828 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.3323 based on 'Valley' entry method at 2021.05.12.

Closed Profit:
TP1 @ 1.3335 touched at 2021.05.13 with 12 pip Profit.
TP2 @ 1.3390 touched at 2021.06.17 with 67 pip Profit.
TP3 @ 1.3460 touched at 2021.06.21 with 137 pip Profit.
TP4 @ 1.3675 touched at 2021.07.20 with 352 pip Profit.
12 + 67 + 137 + 352 = 568 pip

Open Profit:
Profit for one trade is 1.3530(current price) - 1.3323(open price) = 207 pip
4 trade(s) still open, therefore total profit for open trade(s) is 207 x 4 = 828 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.
  • If the Midterm level 1.34600 is broken, we will close open trades.

DateJuly 31, 2021 - 15:19
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.34600 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.34600 is broken.

Technical analysis:

  • A peak is formed in daily chart at 1.3680 on 07/20/2021, so more losses to support(s) 1.3520 and minimum to Major Support (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 53.

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.