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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

Download MT4 template file

Trade Setup
#AUDJPY
Total Profit: 413 point
Closed trade(s): 413 point Profit
Open trade(s): 0 point Profit

Trade Setup:
We opened 7 SELL trade(s) @ 75.91 (day close price) based on 'Shooting star Two-day reversal candle' at 2020.10.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 75.50 touched at 2020.10.13 with 41 point Profit.
TP2 @ 74.70 touched at 2020.10.15 with 121 point Profit.
TP3 @ 73.40 touched at 2020.10.28 with 251 point Profit.
41 + 121 + 251 = 413 point

4 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.
DateNovember 14, 2020 - 16:42
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 78.450, beginning of downtrend is expected.
  • We make sure when the support at 73.400 breaks.
  • If the resistance at 78.450 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
  • A peak is formed in daily chart at 77.10 on 11/11/2020, so more losses to support(s) 75.50, 74.70, 74.20 and minimum to Major Support (73.40) 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 57.

Supports and Resistances:

  1. 90.30
  2. 85.85
  3. 82.75
  4. 80.70
  5. 75.50
  6. 74.70
  7. 73.40
  8. 72.40
  9. 71.10
  10. 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.