website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast US Dollar / Singapore Dollar technical chart
Symbol USDSGD
Trade Setup

#USDSGD
Total Profit: 4292 pip
Closed trade(s): 3118 pip Profit
Open trade(s): 1174 pip Profit

Trade Setup:
We opened 12 SELL trades @ 1.43318 based on 'Shootting' entry method at 2022-09-28.

Closed Profit:
TP1 @ 1.43005 touched at 2022-09-30 with 31 pip Profit.
TP2 @ 1.42630 touched at 2022-10-04 with 69 pip Profit.
TP3 @ 1.42065 touched at 2022-10-04 with 125 pip Profit.
TP4 @ 1.41618 touched at 2022-10-18 with 170 pip Profit.
TP5 @ 1.40909 touched at 2022-10-26 with 241 pip Profit.
TP6 @ 1.39750 touched at 2022-11-08 with 357 pip Profit.
TP7 @ 1.39242 touched at 2022-11-10 with 408 pip Profit.
TP8 @ 1.38526 touched at 2022-11-10 with 479 pip Profit.
TP9 @ 1.37759 touched at 2022-11-11 with 556 pip Profit.
TP10 @ 1.36500 touched at 2022-11-15 with 682 pip Profit.
31 + 69 + 125 + 170 + 241 + 357 + 408 + 479 + 556 + 682 = 3118 pip

Open Profit:
Profit for one SELL trade is 1.43318(open price) - 1.37453(current price) = 587 pip
2 trade(s) still open, therefore total profit for open trade(s) is 587 x 2 = 1174 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.40909 is broken, we will close open trades.

DateNovember 20, 2022 - 12:52
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.40909, resumption of downtrend is expected.
  • We make sure when the support at 1.36500 breaks.
  • If the resistance at 1.40909 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.40909 is broken.

Technical analysis:

  • While the RSI resistance #1 at 56 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.44770 on 09/28/2022, 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 32.

Take Profits:

  1. 1.43005
  2. 1.42630
  3. 1.42065
  4. 1.41618
  5. 1.40909
  6. 1.39750
  7. 1.39242
  8. 1.38526
  9. 1.37759
  10. 1.36500
  11. 1.35915
Click on the level to view price action history.