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

#USDSGD
Total Profit: 2229 pip
Closed trade(s): 633 pip Profit
Open trade(s): 1596 pip Profit

Trade Setup:
We opened 7 BUY trades @ 1.34591 based on 'Hammer' entry method at 2020-11-09.

Closed Profit:
TP1 @ 1.3550 touched at 2021-07-13 with 91 pip Profit.
TP2 @ 1.3675 touched at 2021-07-20 with 216 pip Profit.
TP3 @ 1.3785 touched at 2022-04-27 with 326 pip Profit.
91 + 216 + 326 = 633 pip

Open Profit:
Profit for one BUY trade is 1.3858(current price) - 1.34591(open price) = 399 pip
4 trade(s) still open, therefore total profit for open trade(s) is 399 x 4 = 1596 pip

#USDSGD
Total Profit: 2635 pip
Closed trade(s): 1030 pip Profit
Open trade(s): 1605 pip Profit

Trade Setup:
We opened 8 BUY trades @ 1.33233 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.
TP5 @ 1.3785 touched at 2022-04-27 with 462 pip Profit.
12 + 67 + 137 + 352 + 462 = 1030 pip

Open Profit:
Profit for one BUY trade is 1.3858(current price) - 1.33233(open price) = 535 pip
3 trade(s) still open, therefore total profit for open trade(s) is 535 x 3 = 1605 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 1.36100 is broken, we will close open trades.

DateJune 25, 2022 - 19:51
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.36100, resumption of uptrend is expected.
  • We make sure when the resistance at 1.40108 breaks.
  • If the support at 1.36100 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.36100 is broken.

Technical analysis:

  • A peak is formed in daily chart at 1.39470 on 06/14/2022, so more losses to support(s) 1.38007, 1.37148 and minimum to Major Support (1.36100) 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 54.

Take Profits:

  1. 1.33374
  2. 1.34657
  3. 1.36100
  4. 1.38007
  5. 1.40108
  6. 1.46350
Click on the level to view price action history.