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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Australian Dollar / US Dollar technical chart

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Trade Setup
Total Profit: 230 pip
Closed trade(s): 0 pip Profit
Open trade(s): 230 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.6753 based on 'Hammer' at 2019.08.07 signaled by DTO:

Open Profit:
Profit for one trade is 0.6776(current price) - 0.6753(open price) = 23 pip
10 trade(s) still open, therefore total profit for open trade(s) is 23 x 10 = 230 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 08/17/2019 - 19:56
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.6620, beginning of uptrend is expected.
  • We make sure when the resistance at 0.7080 breaks.
  • If the support at 0.6620 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 26 and it prevented price from more losses.
  • A trough is formed in daily chart at 0.6680 on 08/07/2019, so more gains to resistance(s) 0.6825, 0.6865, 0.6940 and maximum to Major Resistance (0.7080) 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 39.

Take Profits:

  1. 0.6825
  2. 0.6865
  3. 0.6940
  4. 0.7080
  5. 0.7200
  6. 0.7395
  7. 0.7675
  8. 0.7805
  9. 0.8135
Click on the level to view price action history.