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

Download MT4 template file

Trade Setup

#AUDJPY
Total Profit: 2976 pip
Closed trade(s): 757 pip Profit
Open trade(s): 2219 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.
TP2 @ 85.85 touched at 2017.11.15 with 269 pip Profit.
TP3 @ 84.70 touched at 2017.11.17 with 384 pip Profit.
104 + 269 + 384 = 757 pip

Open Profit:
Profit for one trade is 88.53(open price) - 85.36(current price) = 317 pip
7 trade(s) still open, therefore total profit for open trade(s) is 317 x 7 = 2219 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (88.55 to 89.40). 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 (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
    • 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
  • 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
    • Resistance on 07/27/2017
    • Peak 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
    • Peak on 09/02/2013
    • Resistance on 09/02/2013
    • Peak on 08/29/2013
    • Peak on 08/28/2013
    • Peak on 08/27/2013
    • Peak on 08/26/2013
    • Peak on 08/23/2013
    • Resistance 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

DateSat, 12/02/2017 - 16:05
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBullish

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 84.35 on 11/27/2017, so more gains to resistance(s) 85.85, 87.50 and maximum to Trend Hunter Sell Zone (88.55 to 89.40) 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 43.

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.