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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

Download MT4 template file

Trade Setup

#AUDJPY
Total Profit: 5148 pip
Closed trade(s): 1820 pip Profit
Open trade(s): 3328 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) - 79.79(current price) = 832 pip
4 trade(s) still open, therefore total profit for open trade(s) is 832 x 4 = 3328 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.
  • If the Midterm level 81.750 is broken, we will close open trades.
DateSeptember 1, 2018 - 14:03
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 81.750, resumption of downtrend is expected.
  • We make sure when the support at 79.600 breaks.
  • If the resistance at 81.750 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 81.750 is broken.

Technical analysis:

  • The RSI bounced from the resistance #1 at 50 and it prevented price from more gains.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 81.80 on 08/29/2018, so more losses minimum to Major Support (79.60) 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 35.

Take Profits:

  1. 87.00
  2. 85.85
  3. 84.70
  4. 83.05
  5. 81.75
  6. 79.60
  7. 76.80
  8. 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.