ForecastCity
Long

There is a possibility for the beginning of an uptrend in EURUSD

FX:EURUSD   Euro / U.S. Dollar
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.1300 would begin in Midterm.

Trade Setup:
We opened 8 BUY trade(s) @ 1.1677 (day close price) based on 'Vale & Two-day reversal candle' at 2018.08.27 signaled by DTO .

Total Profit: 40 pip
Closed trade(s): 0 pip Profit
Open trade(s): 40 pip Profit

Open Profit:
Profit for one trade is 1.1682(current price) - 1.1677(open price) = 5 pip
8 trade(s) still open, therefore total profit for open trade(s) is 5 x 8 = 40 pip

Technical analysis:
There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
While the RSI support #2 at 46 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 1.1525 on 09/10/2018, so more gains to resistance(s) 1.1740, 1.1840, 1.1925 and more heights 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 55.

Take Profits:
TP1 = @1.1740
TP2 = @1.1840
TP3 = @1.1925
TP4 = @1.1995
TP5 = @1.2075
TP6 = @1.2205
TP7 = @1.2555
TP8 = Free
Sep 20
Trade active: Weekly update: TP1 hit with 539 pip profit ...


Trade Setup:
We opened 8 BUY trade(s) @ 1.1677 (day close price) based on 'Vale & Two-day reversal candle' at 2018.08.27 signaled by DTO 2.69% .


Total Profit: 539 pip
Closed trade(s): 63 Profit
Open trade(s): 476 Profit

Closed Profit:
TP1 @ 1.1740 touched at 09.20.2018 with 63 Profit.

Open Profit:
Profit for one trade is 1.1745 (current price) - 1.1677(open price) = 68 pip
7 trade(s) still open, therefore total profit for open trade(s) is 68 x 7 = 476 pip

Take Profit:
TP2 = @1.1840
TP3 = @1.1925
TP4 = @1.1995
TP5 = @1.2075
TP6 = @1.2205
TP7 = @1.2555
TP8 = Free
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hi boss,

what is todays trend for eurousd
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ForecastCity amanzoor15
@amanzoor15, Thank you for your comment.
Please see new updates of "Intraday Forecast" at our website on Monday.
https://www.forecastcity.com/en
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