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

Download MT4 template file

Trade Setup

#AUDJPY
Total Profit: 3552 pip
Closed trade(s): 1820 pip Profit
Open trade(s): 1732 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.
TP4 @ 83.05 touched at 2018.02.28 with 506 pip Profit.
TP5 @ 81.75 touched at 2018.03.02 with 636 pip Profit.
111 + 226 + 341 + 506 + 636 = 1820 pip

Open Profit:
Profit for one trade is 88.11(open price) - 83.78(current price) = 433 pip
4 trade(s) still open, therefore total profit for open trade(s) is 433 x 4 = 1732 pip
_______________________________________________

DateSat, 03/10/2018 - 17:16
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBullish

Midterm forecast:

  • 84.70 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 84.70 is broken.

Technical analysis:

  • A trough is formed in daily chart at 81.50 on 03/05/2018, so more gains to resistance(s) 84.70, 85.85, 87.00 and maximum to Trend Hunter Sell Zone (89.05 to 89.35) 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 46.

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, the description can also be found below the image.
  • If the Midterm level 84.70 is broken, we will close these trades.

Take Profits:

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