website utilities


Follow us:
+1 64 64 8000 31 (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.
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.