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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup

#AUDJPY
Total Profit: 952 pip
Closed trade(s): 120 pip Profit
Open trade(s): 832 pip Profit
_______________________________________________
Trade Setup:
We opened 9 SELL trade(s) @ 85.90 (day close price) based on 'Peak' at 2017.03.21 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDJPY...

Closed Profit:
TP1 @ 84.70 touched at 2017.03.23 with 120 pip Profit.

Open Profit:
Profit for one trade is 85.90(open price) - 84.86(current price) = 104 pip
8 trade(s) still open, therefore total profit for open trade(s) is 104 x 8 = 832 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (87.10 to 88.55). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (87.10)
    • Resistance on 03/21/2017
    • Resistance on 03/20/2017
    • Resistance on 03/17/2017
    • Resistance on 03/14/2017
    • Resistance on 03/13/2017
    • Resistance on 03/10/2017
    • Resistance on 02/24/2017
    • Support on 02/22/2017
    • Support on 02/16/2017
    • Resistance on 02/10/2017
    • Resistance on 01/27/2017
    • Resistance on 01/20/2017
    • Resistance on 01/19/2017
    • Resistance on 12/16/2016
    • Resistance on 12/15/2016
    • Support on 12/29/2015
    • Support on 12/28/2015
    • Support on 12/23/2015
    • Support on 12/22/2015
    • Support on 12/17/2015
    • Support on 12/15/2015
    • Support on 12/14/2015
    • Resistance on 11/11/2015
    • Resistance on 11/10/2015
    • Resistance on 11/09/2015
    • Resistance on 11/06/2015
    • Resistance on 11/05/2015
    • Resistance on 11/04/2015
    • Resistance on 11/03/2015
    • Resistance on 10/22/2015
    • Resistance on 10/21/2015
    • Resistance on 10/20/2015
    • Resistance on 10/19/2015
    • Resistance on 10/16/2015
    • Resistance on 10/15/2015
    • Resistance on 10/14/2015
    • Resistance on 10/08/2015
    • Resistance on 09/17/2015
    • Resistance on 08/31/2015
    • Peak on 03/06/2012
  • Ending of entry zone (88.55)
    • Peak on 12/21/2015
    • Peak on 12/18/2015
    • Resistance on 12/17/2015
    • Peak on 12/17/2015
    • Resistance on 12/16/2015
    • Resistance on 12/11/2015
    • Resistance on 12/10/2015
    • Support on 12/08/2015
    • Support on 11/26/2015
    • Resistance on 11/19/2015
    • Resistance on 10/12/2015
    • Support on 01/27/2014
    • Support on 01/24/2014
    • Resistance on 08/21/2013
    • Support on 08/16/2013
    • Support on 08/13/2013
    • Resistance on 08/09/2013
    • Support on 07/30/2013
    • Support on 12/27/2012
    • Resistance on 12/21/2012
    • Resistance on 12/20/2012
    • Peak on 12/20/2012
    • Resistance on 12/17/2012
    • Resistance on 12/14/2012
    • Resistance on 03/20/2012
    • Resistance on 03/19/2012
    • Resistance on 03/16/2012
    • Resistance on 04/25/2011
    • Resistance on 04/21/2011
    • Resistance on 04/20/2011
    • Resistance on 04/13/2011

DateMarch 25, 2017 - 15:42
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 87.50 on 03/16/2017, so more losses to support(s) 84.70, 83.05, 81.25 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 37.

Take Profits:

  1. 84.70
  2. 83.05
  3. 81.25
  4. 79.60
  5. 77.55
  6. 76.10
  7. 74.55
  8. 72.50
Click on the level to view price action history.