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

Download MT4 template file

Trade Setup

#AUDJPY
Total Profit: 757 pip
Closed trade(s): 757 pip Profit
Open trade(s): 0 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

7 other break-even trades closed at entry price, therefore no profit no loss.
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (89.05 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 (89.05)
    • Resistance on 01/05/2018
    • Peak on 10/23/2017
    • Resistance on 10/23/2017
    • Resistance on 10/20/2017
    • Resistance on 10/19/2017
    • Support on 09/22/2017
    • Support on 09/21/2017
    • Resistance on 09/18/2017
    • Resistance on 09/15/2017
    • Resistance on 07/27/2017
    • Resistance on 07/26/2017
    • Resistance on 07/21/2017
    • Resistance on 07/20/2017
    • Resistance on 07/19/2017
    • Resistance on 07/18/2017
    • Resistance on 12/10/2015
    • Resistance on 12/09/2015
    • Resistance on 11/30/2015
    • Resistance on 11/26/2015
    • Resistance on 11/25/2015
    • Resistance on 11/20/2015
    • Resistance on 08/24/2015
    • Support on 07/09/2015
    • Support on 01/31/2014
    • Support on 01/30/2014
    • Support on 01/29/2014
    • Support on 09/03/2013
    • Resistance on 08/27/2013
    • Resistance on 08/26/2013
    • Resistance on 08/23/2013
    • Resistance on 08/22/2013
    • Resistance on 08/20/2013
    • Resistance on 08/12/2013
    • Resistance on 08/02/2013
    • Resistance on 08/01/2013
    • Resistance on 07/31/2013
    • Peak on 07/31/2013
    • Support on 06/21/2013
    • Support on 06/20/2013
    • Support on 06/13/2013
    • Resistance on 12/17/2012
  • 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
    • 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

DateSat, 01/06/2018 - 20:31
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

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 trough is formed in daily chart at 84.65 on 12/07/2017, so more gains maximum to Trend Hunter Sell Zone (89.05 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 78.

Take Profits:

  1. 88.20
  2. 87.00
  3. 85.85
  4. 84.70
  5. 83.05
  6. 81.75
  7. 79.60
  8. 76.10
  9. 72.50
Click on the level to view price action history.