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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup
#AUDJPY
Total Profit: 581 pip
Closed trade(s): 51 pip Profit
Open trade(s): 530 pip Profit

Trade Setup:
We opened 6 SELL trade(s) @ 75.21 (day close price) based on 'Close below 75.5' at 2020.09.22 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 74.70 touched at 2020.09.23 with 51 pip Profit.

Open Profit:
Profit for one trade is 75.21(open price) - 74.15(current price) = 106 pip
5 trade(s) still open, therefore total profit for open trade(s) is 106 x 5 = 530 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.
DateSeptember 26, 2020 - 19:31
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 75.500 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI support #1 at 48 is broken, so the probability of continuation of downtrend is increased.
  • A peak is formed in daily chart at 78.48 on 08/31/2020, so more losses to support(s) 73.40, 72.40, 71.10 and more depths 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 27.

Take Profits:

  1. 74.70
  2. 73.40
  3. 72.40
  4. 71.10
  5. 69.95
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / Japanese Yen (AUDJPY) 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.