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Weekly forecast Australian Dollar / Singapore Dollar technical chart
Symbol AUDSGD
Trade Setup

#AUDSGD
Total Profit: -6 pip
Closed trade(s): 0 pip Profit
Open trade(s): -6 pip Profit

Trade Setup:
We opened 6 BUY trades @ 0.9627 based on 'Valley' entry method at 2022-06-24.

Open Profit:
Profit for one BUY trade is 0.96255(current price) - 0.9627(open price) = -1 pip
6 trade(s) still open, therefore total profit for open trade(s) is -1 x 6 = -6 pip

#AUDSGD
Total Profit: -6 pip
Closed trade(s): 0 pip Profit
Open trade(s): -6 pip Profit

Trade Setup:
We opened 6 BUY trades @ 0.9627 based on 'Valley' entry method at 2022-06-24.

Open Profit:
Profit for one BUY trade is 0.96255(current price) - 0.9627(open price) = -1 pip
6 trade(s) still open, therefore total profit for open trade(s) is -1 x 6 = -6 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.

DateJune 26, 2022 - 07:58
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.94358, beginning of uptrend is expected.
  • We make sure when the resistance at 1.01573 breaks.
  • If the support at 0.94358 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.95415 on 06/23/2022, so more gains to resistance(s) 0.97255, 0.97826, 0.99724 and maximum to Major Resistance (1.01573) 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. 0.97255
  2. 0.99724
  3. 1.01573
  4. 1.03135
  5. 1.05212
Click on the level to view price action history.