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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup

#AUDJPY
Total Profit: 2486 pip
Closed trade(s): 757 pip Profit
Open trade(s): 1729 pip Profit
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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) - 86.06(current price) = 247 pip
7 trade(s) still open, therefore total profit for open trade(s) is 247 x 7 = 1729 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.
DateDecember 16, 2017 - 22:56
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 86.940 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 84.65 on 12/07/2017, so more gains to resistance(s) 87.50 and maximum to Trend Hunter Sell Zone (88.55 to 89.40) 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 54.

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.
Symbol Released Current Forecast
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
Australian Dollar / Japanese Yen (AUDJPY) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on AUDJPY.