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

#AUDJPY
Total Profit: 1168 pip
Closed trade(s): 893 pip Profit
Open trade(s): 275 pip Profit

Trade Setup:
We opened 8 SELL trades @ 95.315 based on 'Peak' entry method at 2022-06-09.

Closed Profit:
TP1 @ 93.949 touched at 2022-06-13 with 137 pip Profit.
TP2 @ 92.077 touched at 2022-06-16 with 324 pip Profit.
TP3 @ 90.998 touched at 2022-08-02 with 432 pip Profit.
137 + 324 + 432 = 893 pip

Open Profit:
Profit for one SELL trade is 95.315(open price) - 94.773(current price) = 55 pip
5 trade(s) still open, therefore total profit for open trade(s) is 55 x 5 = 275 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.
DateAugust 28, 2022 - 12:15
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 96.870, beginning of downtrend is expected.
  • We make sure when the support at 91.000 breaks.
  • If the resistance at 96.870 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 93.050 on 08/15/2022, so more gains to resistance(s) 95.712 and maximum to Major Resistance (96.870) 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 55.

Take Profits:

  1. 94.060
  2. 92.270
  3. 91.000
  4. 88.860
  5. 87.359
  6. 86.000
  7. 73.100
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / Japanese Yen (AUDJPY) new Sun, 21 Apr 2024
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
History
Daily-Trading-Opportunities on AUDJPY.