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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup
#AUDJPY
Total Profit: 57 pip
Closed trade(s): 57 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 75.58 (day close price) 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 57 pip Profit.

8 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateJanuary 4, 2020 - 15:09
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 73.800, beginning of uptrend is expected.
  • We make sure when the resistance at 76.550 breaks.
  • If the support at 73.800 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 76.50 on 12/27/2019, so more losses minimum to Major Support (73.80) 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.

Supports and Resistances:

  1. 90.30
  2. 85.85
  3. 82.75
  4. 80.70
  5. 78.70
  6. 77.55
  7. 76.55
  8. 72.50
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / Japanese Yen (AUDJPY) new Sun, 14 Apr 2024
Australian Dollar / Japanese Yen (AUDJPY) Sun, 7 Apr 2024
Australian Dollar / Japanese Yen (AUDJPY) Sat, 30 Mar 2024
Australian Dollar / Japanese Yen (AUDJPY) Sun, 24 Mar 2024
Australian Dollar / Japanese Yen (AUDJPY) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on AUDJPY.