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Weekly forecast Euro / US Dollar technical chart
Symbol EURUSD

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Trade Setup

#EURUSD
Total Profit: 2230 pip
Closed trade(s): 1592 pip Profit
Open trade(s): 638 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.2217 (day close price) based on 'Peak' at 2021.01.08 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.2165 touched at 2021.01.11 with 52 pip Profit.
TP2 @ 1.2075 touched at 2021.01.15 with 142 pip Profit.
TP3 @ 1.2010 touched at 2021.02.03 with 207 pip Profit.
TP4 @ 1.1910 touched at 2021.03.05 with 307 pip Profit.
TP5 @ 1.1815 touched at 2021.03.24 with 402 pip Profit.
TP6 @ 1.1735 touched at 2021.03.30 with 482 pip Profit.
52 + 142 + 207 + 307 + 402 + 482 = 1592 pip

Open Profit:
Profit for one trade is 1.2217(open price) - 1.1898(current price) = 319 pip
2 trade(s) still open, therefore total profit for open trade(s) is 319 x 2 = 638 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 1.21650 is broken, we will close open trades.

DateApril 10, 2021 - 20:42
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.21650 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 1.21650 is broken.

Technical analysis:

  • While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.1705 on 03/31/2021, so more gains to resistance(s) 1.1910, 1.1950, 1.2010 and maximum to Major Resistance (1.2165) 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 52.

Take Profits:

  1. 1.2165
  2. 1.2075
  3. 1.2010
  4. 1.1910
  5. 1.1815
  6. 1.1735
  7. 1.1600
Click on the level to view price action history.

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