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

Download MT4 template file

Trade Setup

#AUDJPY
Total Profit: 5455 pip
Closed trade(s): 2671 pip Profit
Open trade(s): 2784 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.
TP6 @ 79.60 touched at 2018.09.03 with 851 pip Profit.
111 + 226 + 341 + 506 + 636 + 851 = 2671 pip

Open Profit:
Profit for one trade is 88.11(open price) - 78.83(current price) = 928 pip
3 trade(s) still open, therefore total profit for open trade(s) is 928 x 3 = 2784 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 79.60 is broken, we will close open trades.

DateSat, 09/08/2018 - 17:29
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 79.60 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 79.60 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 to support(s) 76.80, 72.50 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 31.

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.