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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup

#AUDJPY
Total Profit: 3276 pip
Closed trade(s): 678 pip Profit
Open trade(s): 2598 pip Profit
_______________________________________________
Trade Setup:
We opened 9 SELL trade(s) @ 88.11 (day close price) based on 'Peak' at 2018.01.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 87.00 touched at 2018.02.05 with 111 pip Profit.
TP2 @ 85.85 touched at 2018.02.06 with 226 pip Profit.
TP3 @ 84.70 touched at 2018.02.08 with 341 pip Profit.
111 + 226 + 341 = 678 pip

Open Profit:
Profit for one trade is 88.11(open price) - 83.79(current price) = 433 pip
6 trade(s) still open, therefore total profit for open trade(s) is 433 x 6 = 2598 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.

DateFebruary 24, 2018 - 18:14
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 a downtrend wave below 85.850 would begin in Midterm.

Technical analysis:

  • A peak is formed in daily chart at 89.05 on 01/23/2018, so more losses to support(s) 83.05, 81.75, 79.60 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 32.

Take Profits:

  1. 87.00
  2. 85.85
  3. 84.70
  4. 83.05 ✔(2018-03-01)
  5. 81.75 ✔(2018-03-02)
  6. 79.60
  7. 76.10
  8. 72.50
Click on the level to view price action history.