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Weekly forecast US Dollar / Singapore Dollar technical chart
Symbol USDSGD
Trade Setup

#USDSGD
Total Profit: 1007 pip
Closed trade(s): 551 pip Profit
Open trade(s): 456 pip Profit

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

Closed Profit:
TP1 @ 1.3337 touched at 2021.05.13 with 14 pip Profit.
TP2 @ 1.3365 touched at 2021.05.14 with 42 pip Profit.
TP3 @ 1.3466 touched at 2021.07.01 with 143 pip Profit.
TP4 @ 1.3675 touched at 2021.07.20 with 352 pip Profit.
14 + 42 + 143 + 352 = 551 pip

Open Profit:
Profit for one trade is 1.3437(current price) - 1.3323(open price) = 114 pip
4 trade(s) still open, therefore total profit for open trade(s) is 114 x 4 = 456 pip

#USDSGD
Total Profit: 1411 pip
Closed trade(s): 551 pip Profit
Open trade(s): 860 pip Profit

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

Closed Profit:
TP1 @ 1.3337 touched at 2021.05.13 with 14 pip Profit.
TP2 @ 1.3365 touched at 2021.05.14 with 42 pip Profit.
TP3 @ 1.3466 touched at 2021.07.01 with 143 pip Profit.
TP4 @ 1.3675 touched at 2021.07.20 with 352 pip Profit.
14 + 42 + 143 + 352 = 551 pip

Open Profit:
Profit for one trade is 1.3538(current price) - 1.3323(open price) = 215 pip
4 trade(s) still open, therefore total profit for open trade(s) is 215 x 4 = 860 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 1.33650 is broken, we will close open trades.

DateJanuary 22, 2022 - 21:51
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.37310, resumption of downtrend is expected.
  • We make sure when the support at 1.33650 breaks.
  • If the resistance at 1.37310 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.33650 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • A trough is formed in daily chart at 1.3422 on 01/14/2022, so more gains to resistance(s) 1.3444, 1.3466, 1.3493 and maximum to Major Resistance (1.3731) 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 38.

Take Profits:

  1. 1.3337
  2. 1.3365
  3. 1.3466
  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 Sun, 15 May 2022
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US Dollar / Singapore Dollar (USDSGD) Sun, 1 May 2022
US Dollar / Singapore Dollar (USDSGD) free Sun, 24 Apr 2022
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