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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup

#AUDJPY
Total Profit: 4774 pip
Closed trade(s): 4774 pip Profit
Open trade(s): 0 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

Closed Profit:
Profit for one trade is 88.11(open price) - 81.10(current price) = 701 pip
3 trade(s) closed at market price as the major resistance is broken, therefore total profit will increase by 701 x 3 = 2103 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (81.15 to 80.50). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (81.15)
    • Resistance on 03/23/2018
    • Support on 04/04/2018
    • Support on 05/08/2018
    • Support on 05/09/2018
    • Support on 05/29/2018
    • Support on 05/30/2018
    • Support on 06/19/2018
    • Support on 06/20/2018
    • Support on 06/25/2018
    • Support on 06/26/2018
    • Support on 06/29/2018
    • Support on 07/02/2018
    • Support on 07/03/2018
    • Resistance on 09/18/2018
  • Ending of entry zone (80.50)
    • Support on 03/23/2018
    • Support on 03/26/2018
    • Resistance on 08/16/2018
    • Support on 08/23/2018
    • Support on 08/24/2018
    • Support on 08/30/2018
    • Resistance on 09/13/2018
    • Resistance on 09/14/2018
    • Resistance on 09/17/2018
DateSeptember 27, 2018 - 09:10
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 78.650, beginning of uptrend is expected.
  • We make sure when the resistance at 83.900 breaks.
  • If the support at 78.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 80.495 on 2018-03-23 and the trough at 78.68 on 2018-09-07, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI resistance #1 at 50 is broken, so the probability of beginning of uptrend is increased.
  • The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI support #3 at 50 is not broken, the probability of price decrease would be too low.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Take Profits:

  1. 81.70
  2. 82.65
  3. 83.90
  4. 84.50
  5. 85.85
  6. 87.00
  7. 89.05
  8. 90.30
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.