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Weekly forecast Australian Dollar vs. Japanese Yen technical chart
Symbol AUDJPY

Download MT4 template file

Trade Setup

#AUDJPY
Total Profit: 1553 pip
Closed trade(s): 104 pip Profit
Open trade(s): 1449 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 88.53 (day close price) based on 'Two-day reversal candle (Shooting Star)' at 2017.10.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 87.50 touched at 2017.10.25 with 104 pip Profit.

Open Profit:
Profit for one trade is 88.53(open price) - 86.92(current price) = 161 pip
9 trade(s) still open, therefore total profit for open trade(s) is 161 x 9 = 1449 pip
_______________________________________________

DateSat, 11/11/2017 - 21:07
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

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 88.10 on 11/02/2017, so more losses to support(s) 85.85, 84.70, 83.05 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 41.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (88.55 to 89.40), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (88.55)
    • Resistance on 10/03/2017
    • Resistance on 10/02/2017
    • Resistance on 09/28/2017
    • Support on 09/25/2017
    • Support on 09/22/2017
    • Resistance on 09/14/2017
    • Resistance on 09/13/2017
    • Resistance on 09/12/2017
    • Resistance on 08/01/2017
    • 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
    • Peak on 12/20/2012
    • Resistance 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
  • Ending of entry zone (89.40)
    • Resistance on 09/25/2017
    • Resistance on 09/22/2017
    • Resistance on 09/19/2017
    • Resistance on 09/18/2017
    • Peak on 07/27/2017
    • Resistance on 07/27/2017
    • Resistance on 07/20/2017
    • Support on 12/07/2015
    • Resistance on 11/30/2015
    • Support on 07/28/2015
    • Support on 07/09/2015
    • Support on 07/08/2015
    • Support on 02/03/2015
    • Resistance on 02/03/2014
    • Support on 01/28/2014
    • Resistance on 09/02/2013
    • Peak on 09/02/2013
    • Peak on 08/29/2013
    • Peak on 08/28/2013
    • Peak on 08/27/2013
    • Peak on 08/26/2013
    • Resistance on 08/23/2013
    • Peak on 08/23/2013
    • Resistance on 08/19/2013
    • Support on 06/25/2013
    • Support on 06/24/2013
    • Support on 06/21/2013
    • Support on 06/20/2013
    • Support on 06/19/2013
    • Support on 06/13/2013
    • Resistance on 12/28/2012
    • Resistance on 12/27/2012
    • Resistance on 05/02/2011
    • Resistance on 04/28/2011
    • Resistance on 04/27/2011
    • Resistance on 04/08/2011
    • Resistance on 04/07/2011
    • Resistance on 04/06/2011
    • Resistance on 09/25/2008
    • Resistance on 09/24/2008
    • Resistance on 09/23/2008
    • Support on 09/07/2008
    • Support on 09/03/2008
    • Support on 03/24/2008
    • Support on 03/23/2008
    • Support on 03/18/2008
    • Support on 03/17/2008
    • Support on 08/17/2007
    • Support on 08/16/2007
    • Resistance on 09/07/2006
    • Support on 09/05/2006
    • Support on 09/04/2006
    • Resistance on 08/30/2006
    • Resistance on 08/14/2006

Take Profits:

  1. 87.50
  2. 85.85
  3. 84.70
  4. 83.05
  5. 81.75
  6. 79.60
  7. 76.10
  8. 74.55
  9. 72.50
Click on the level to view price action history.