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Weekly forecast Eidoo technical chart
Symbol EDOUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.2790 to 0.2325). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 0.371, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.371 and expect to reach short-term targets.

  • Beginning of entry zone (0.2790)
    • Support on 09/05/2019
    • Support on 09/12/2019
    • Support on 09/13/2019
    • Support on 09/14/2019
    • Support on 09/15/2019
    • Support on 09/24/2019
    • Support on 09/25/2019
    • Support on 09/26/2019
    • Support on 09/27/2019
    • Support on 10/11/2019
    • Support on 10/18/2019
    • Support on 10/19/2019
    • Support on 10/20/2019
    • Support on 10/22/2019
    • Support on 10/26/2019
    • Support on 10/27/2019
    • Support on 10/28/2019
    • Support on 10/30/2019
    • Support on 10/31/2019
    • Support on 11/01/2019
    • Support on 11/08/2019
    • Support on 11/19/2019
    • Support on 11/20/2019
    • Resistance on 12/08/2019
    • Resistance on 12/16/2019
    • Resistance on 02/16/2020
    • Resistance on 02/19/2020
    • Support on 05/28/2020
    • Support on 05/29/2020
    • Trough on 11/05/2020
    • Support on 11/05/2020
  • Ending of entry zone (0.2325)
    • Support on 11/21/2019
    • Support on 11/27/2019
    • Support on 11/28/2019
    • Support on 12/01/2019
    • Support on 12/02/2019
    • Support on 12/03/2019
    • Support on 12/08/2019
    • Support on 12/09/2019
    • Resistance on 12/16/2019
    • Resistance on 12/17/2019
    • Resistance on 02/07/2020
    • Resistance on 02/08/2020
    • Resistance on 02/09/2020
    • Resistance on 02/10/2020
    • Resistance on 02/24/2020
    • Resistance on 05/13/2020
    • Resistance on 05/15/2020
    • Resistance on 05/22/2020
    • Resistance on 05/23/2020

DateJanuary 13, 2021 - 18:55
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.0340, beginning of uptrend is expected.
  • We make sure when the resistance at 0.4775 breaks.
  • If the support at 0.0340 is broken, the short-term forecast -beginning of uptrend- will be invalid.

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 0.4722 on 01/10/2021, so more losses to support(s) 0.3710, 0.2790, 0.2325 and minimum to Major Support (0.0340) 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 49.

Take Profits:

  1. 0.4775
  2. 0.5785
  3. 0.7255
  4. 0.8230
  5. 1.0395
  6. 1.3680
  7. 2.7205
  8. 3.5300
  9. 6.8690
Click on the level to view price action history.

Symbol Released Current Forecast
Eidoo (EDOUSD) Thu, 4 Mar 2021
Eidoo (EDOUSD) Mon, 22 Feb 2021
Eidoo (EDOUSD) Mon, 15 Feb 2021
Eidoo (EDOUSD) free Sun, 7 Feb 2021
Eidoo (EDOUSD) free Sun, 31 Jan 2021