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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY
Trade Setup

#AUDJPY
Total Profit: 848 pip
Closed trade(s): 88 pip Profit
Open trade(s): 760 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 80.44 (day close price) based on 'Valley' at 2021.09.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 81.32 touched at 2021.10.05 with 88 pip Profit.

Open Profit:
Profit for one trade is 81.95(current price) - 80.44(open price) = 152 pip
5 trade(s) still open, therefore total profit for open trade(s) is 152 x 5 = 760 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.

DateOctober 9, 2021 - 09:10
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 77.90, beginning of uptrend is expected.
  • We make sure when the resistance at 82.10 breaks.
  • If the support at 77.90 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 79.89 on 10/01/2021, so more gains maximum to Major Resistance (82.10) 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 64.

Take Profits:

  1. 81.32
  2. 82.10
  3. 84.00
  4. 84.95
  5. 85.75
Click on the level to view price action history.