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

#USDSGD
Total Profit: 1989 pip
Closed trade(s): 633 pip Profit
Open trade(s): 1356 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 1.37984(current price) - 1.34591(open price) = 339 pip
4 trade(s) still open, therefore total profit for open trade(s) is 339 x 4 = 1356 pip

#USDSGD
Total Profit: 2692 pip
Closed trade(s): 1742 pip Profit
Open trade(s): 950 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.
TP6 @ 1.4035 touched at 2022-07-05 with 712 pip Profit.
12 + 67 + 137 + 352 + 462 + 712 = 1742 pip

Open Profit:
Profit for one BUY trade is 1.37984(current price) - 1.33233(open price) = 475 pip
2 trade(s) still open, therefore total profit for open trade(s) is 475 x 2 = 950 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 1.36500 is broken, we will close open trades.

DateAugust 6, 2022 - 21:35
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.36500, resumption of uptrend is expected.
  • We make sure when the resistance at 1.40600 breaks.
  • If the support at 1.36500 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.36500 is broken.

Technical analysis:

  • A peak is formed in daily chart at 1.40845 on 07/14/2022, so more losses minimum to Major Support (1.36500) 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 43.

Take Profits:

  1. 1.33374
  2. 1.34657
  3. 1.36100
  4. 1.38007
  5. 1.39750
  6. 1.46350
Click on the level to view price action history.

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