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

#USDSGD
Total Profit: 4641 pip
Closed trade(s): 3891 pip Profit
Open trade(s): 750 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.
TP11 @ 1.35587 touched at 2022-12-01 with 773 pip Profit.
31 + 69 + 125 + 170 + 241 + 357 + 408 + 479 + 556 + 682 + 773 = 3891 pip

Open Profit:
Profit for one SELL trade is 1.43318(open price) - 1.35817(current price) = 750 pip
1 trade(s) still open, therefore total profit for open trade(s) is 750 x 1 = 750 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 1.36500 is broken, we will close open trades.
DateDecember 18, 2022 - 07:25
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.33686, beginning of uptrend is expected.
  • We make sure when the resistance at 1.36500 breaks.
  • If the support at 1.33686 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.36500 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.33975 on 12/13/2022, so more gains to resistance(s) 1.35915 and maximum to Major Resistance (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 42.

Take Profits:

  1. 1.34983
  2. 1.35915
  3. 1.36500
  4. 1.37759
  5. 1.38526
  6. 1.39242
  7. 1.39750
  8. 1.40909
  9. 1.41618
  10. 1.42065
  11. 1.42630
  12. 1.43005
  13. 1.46350
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Singapore Dollar (USDSGD) Sun, 14 Apr 2024
US Dollar / Singapore Dollar (USDSGD) Sat, 6 Apr 2024
US Dollar / Singapore Dollar (USDSGD) Sat, 30 Mar 2024
US Dollar / Singapore Dollar (USDSGD) Sat, 30 Mar 2024
US Dollar / Singapore Dollar (USDSGD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on USDSGD.