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 Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

Download MT4 template file

Trade Setup
#AUDJPY
Total Profit: 663 pip
Closed trade(s): 55 pip Profit
Open trade(s): 608 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 75.60 based on 'Hammer & Valley' at 2019.06.04 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 76.15 touched at 2019.07.01 with 55 pip Profit.

Open Profit:
Profit for one trade is 76.36(current price) - 75.60(open price) = 76 pip
8 trade(s) still open, therefore total profit for open trade(s) is 76 x 8 = 608 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.

DateDecember 28, 2019 - 15:26
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 73.900 would begin in Midterm.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 73.35 on 11/14/2019, so more gains to resistance(s) 76.80, 77.55, 78.70 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 71.

Take Profits:

  1. 76.15
  2. 76.80
  3. 77.55
  4. 78.70
  5. 80.70
  6. 82.75
  7. 85.85
  8. 90.30
Click on the level to view price action history.