Weekly AUDUSD Technical Analysis and Forecast - Forex

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Weekly forecast Australian Dollar / US Dollar technical chart

Symbol

AUDUSD

Download MT4 template file

Trade Setup

#AUDUSD
Total Profit: 610 pip
Closed trade(s): 0 pip Profit
Open trade(s): 610 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.6705 (day close price) based on 'Hammer' at 2019.10.02 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 0.6766(current price) - 0.6705(open price) = 61 pip
10 trade(s) still open, therefore total profit for open trade(s) is 61 x 10 = 610 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.

Date October 5, 2019 - 18:38

Current range bound

Forecast beginning of uptrend

Midterm forecast:

While the price is above the support 0.66700, beginning of uptrend is expected.
We make sure when the resistance at 0.70800 breaks.
If the support at 0.66700 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

A trough is formed in daily chart at 0.6670 on 10/02/2019, 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 48.

Take Profits:

0.6825
- Support on 09/18/2019
- Support on 09/17/2019
- Resistance on 09/05/2019
- Resistance on 08/08/2019
- Support on 01/03/2019
- Support on 01/20/2016
- Support on 01/15/2016
- Resistance on 03/18/2009
- Resistance on 02/09/2009
- Resistance on 01/19/2009
- Resistance on 01/14/2009
- Resistance on 01/13/2009
- Support on 12/29/2008
- Support on 12/26/2008
- Support on 12/18/2008
- Resistance on 11/06/2008
- Resistance on 11/03/2008
- Resistance on 10/30/2008
- Resistance on 10/29/2008
- Support on 10/17/2008
- Support on 06/15/2004
- Support on 06/14/2004
- Support on 05/18/2004
- Support on 05/17/2004
- Support on 05/14/2004
- Support on 10/14/2003
- Resistance on 09/30/2003
- Resistance on 09/25/2003
- Resistance on 09/22/2003
- Resistance on 07/07/2003
0.6865
- Resistance on 09/18/2019
- Resistance on 09/17/2019
- Resistance on 09/12/2019
- Resistance on 09/11/2019
- Resistance on 09/10/2019
- Resistance on 09/09/2019
- Resistance on 09/06/2019
- Resistance on 08/01/2019
- Support on 07/30/2019
- Support on 06/19/2019
- Support on 06/14/2019
- Support on 05/23/2019
- Support on 05/21/2019
- Support on 05/17/2019
- Support on 01/03/2019
- Support on 01/21/2016
- Support on 01/20/2016
- Support on 01/15/2016
- Support on 04/01/2009
- Support on 03/27/2009
- Resistance on 02/09/2009
- Support on 12/31/2008
- Support on 12/18/2008
- Support on 12/17/2008
- Resistance on 11/06/2008
- Resistance on 11/03/2008
- Resistance on 10/30/2008
- Support on 10/20/2008
- Support on 10/17/2008
- Support on 09/10/2004
- Support on 09/09/2004
- Support on 06/24/2004
- Support on 06/23/2004
- Support on 06/22/2004
- Support on 06/21/2004
- Support on 06/16/2004
- Support on 06/15/2004
- Support on 06/14/2004
- Support on 06/10/2004
- Support on 06/09/2004
- Support on 06/04/2004
- Support on 06/03/2004
- Support on 05/19/2004
- Support on 05/18/2004
- Support on 05/17/2004
- Support on 05/14/2004
- Support on 05/13/2004
0.6940
- Support on 07/25/2019
- Resistance on 06/21/2019
- Resistance on 06/20/2019
- Resistance on 05/31/2019
- Resistance on 05/30/2019
- Resistance on 05/28/2019
- Resistance on 05/27/2019
- Resistance on 05/24/2019
- Support on 05/14/2019
- Support on 05/13/2019
- Support on 01/03/2019
- Support on 01/26/2016
- Support on 01/25/2016
- Resistance on 01/19/2016
- Support on 01/14/2016
- Support on 01/13/2016
- Support on 01/12/2016
- Support on 01/11/2016
- Support on 01/08/2016
- Support on 09/29/2015
- Support on 09/24/2015
- Support on 09/10/2015
- Resistance on 09/07/2015
0.7080
- Resistance on 07/19/2019
- Resistance on 07/18/2019
- Support on 04/23/2019
- Support on 03/27/2019
- Support on 03/20/2019
- Resistance on 03/12/2019
- Resistance on 03/11/2019
- Support on 03/05/2019
- Support on 03/04/2019
- Support on 02/22/2019
- Support on 02/21/2019
- Support on 02/15/2019
- Support on 02/14/2019
- Support on 02/13/2019
- Support on 02/08/2019
- Support on 01/25/2019
- Support on 01/24/2019
- Resistance on 12/27/2018
- Support on 12/20/2018
- Resistance on 10/25/2018
- Support on 10/22/2018
- Support on 09/11/2018
0.7200
- Resistance on 04/18/2019
- Resistance on 04/17/2019
- Resistance on 02/27/2019
- Resistance on 02/26/2019
- Resistance on 02/21/2019
- Resistance on 01/28/2019
- Resistance on 01/18/2019
- Resistance on 01/17/2019
- Resistance on 01/16/2019
- Resistance on 01/15/2019
- Resistance on 01/10/2019
- Resistance on 01/09/2019
- Resistance on 12/19/2018
- Support on 12/12/2018
- Support on 12/07/2018
- Support on 12/06/2018
- Support on 11/27/2018
- Support on 11/21/2018
- Support on 11/14/2018
- Support on 11/06/2018
- Resistance on 11/02/2018
- Resistance on 10/03/2018
- Support on 09/28/2018
- Support on 09/27/2018
- Resistance on 09/17/2018
- Resistance on 09/14/2018
- Resistance on 09/13/2018
- Resistance on 09/07/2018
- Support on 08/15/2018
- Trough on 08/15/2018
0.7395
- Resistance on 12/04/2018
- Resistance on 12/03/2018
- Resistance on 08/03/2018
- Support on 08/01/2018
- Support on 07/31/2018
- Support on 07/30/2018
- Support on 07/25/2018
- Support on 07/13/2018
- Resistance on 07/05/2018
- Resistance on 07/04/2018
- Resistance on 07/03/2018
- Resistance on 06/27/2018
- Support on 06/25/2018
- Resistance on 05/12/2017
- Resistance on 05/10/2017
- Resistance on 05/09/2017
- Support on 05/05/2017
- Support on 05/04/2017
- Support on 12/14/2016
- Support on 12/02/2016
- Support on 11/25/2016
- Support on 11/17/2016
- Support on 07/06/2016
- Resistance on 06/28/2016
- Support on 06/24/2016
- Resistance on 06/17/2016
- Resistance on 06/14/2016
- Resistance on 06/13/2016
- Resistance on 05/11/2016
- Support on 03/07/2016
- Resistance on 08/18/2015
- Resistance on 08/17/2015
0.7675
- Resistance on 06/07/2018
- Resistance on 06/06/2018
- Peak on 06/06/2018
- Resistance on 04/23/2018
- Support on 04/09/2018
- Support on 04/06/2018
- Support on 04/05/2018
- Support on 04/04/2018
- Support on 03/30/2018
- Support on 03/27/2018
- Support on 03/21/2018
- Support on 03/20/2018
- Resistance on 12/20/2017
- Resistance on 12/19/2017
- Resistance on 12/18/2017
- Resistance on 12/15/2017
- Resistance on 12/14/2017
- Support on 11/02/2017
- Support on 07/13/2017
- Resistance on 07/04/2017
- Resistance on 03/30/2017
- Resistance on 03/29/2017
- Resistance on 03/23/2017
- Support on 03/21/2017
- Resistance on 03/02/2017
- Resistance on 02/28/2017
- Resistance on 02/14/2017
- Resistance on 02/10/2017
- Resistance on 02/07/2017
- Resistance on 02/02/2017
- Support on 11/07/2016
- Resistance on 11/02/2016
- Resistance on 11/01/2016
- Resistance on 10/26/2016
- Resistance on 10/18/2016
- Resistance on 10/04/2016
- Resistance on 10/03/2016
- Resistance on 09/30/2016
- Resistance on 09/27/2016
- Resistance on 09/22/2016
- Resistance on 09/08/2016
- Resistance on 08/26/2016
- Resistance on 08/15/2016
- Resistance on 08/09/2016
- Resistance on 08/08/2016
- Resistance on 07/15/2016
- Resistance on 05/03/2016
- Resistance on 05/02/2016
- Resistance on 04/04/2016
- Resistance on 03/31/2016
- Resistance on 03/30/2016
- Resistance on 03/18/2016
0.7805
- Resistance on 04/19/2018
- Resistance on 04/13/2018
- Resistance on 03/16/2018
- Support on 03/07/2018
- Support on 02/23/2018
- Support on 02/14/2018
- Support on 02/12/2018
- Support on 01/10/2018
- Support on 01/09/2018
- Resistance on 12/28/2017
- Support on 10/23/2017
- Support on 10/20/2017
- Resistance on 10/11/2017
- Support on 10/03/2017
- Support on 10/02/2017
- Support on 09/28/2017
- Support on 08/15/2017
- Resistance on 04/21/2016
- Resistance on 06/22/2015
- Resistance on 06/19/2015
- Resistance on 06/18/2015
- Resistance on 06/03/2015
- Support on 05/25/2015
- Support on 05/22/2015
- Support on 05/05/2015
- Support on 05/04/2015
- Support on 05/01/2015
- Support on 04/27/2015
- Resistance on 04/22/2015
- Resistance on 04/17/2015
- Resistance on 04/16/2015
- Resistance on 03/20/2015
- Resistance on 03/19/2015
- Resistance on 03/18/2015
- Resistance on 03/06/2015
- Resistance on 03/02/2015
- Resistance on 02/11/2015
- Resistance on 02/10/2015
- Resistance on 02/09/2015
- Resistance on 02/06/2015
- Resistance on 02/05/2015
- Resistance on 02/04/2015
- Resistance on 02/03/2015
- Resistance on 02/02/2015
- Resistance on 01/30/2015
0.8135
- Resistance on 01/26/2018
- Peak on 01/26/2018
- Resistance on 05/14/2015
- Resistance on 05/13/2015
- Resistance on 01/22/2015
- Support on 01/15/2015
- Support on 01/14/2015
- Support on 01/13/2015
- Support on 01/12/2015
- Resistance on 01/08/2015
- Support on 12/19/2014
- Support on 05/25/2010
- Support on 07/30/2009
- Support on 07/29/2009
- Support on 07/27/2009
- Resistance on 06/30/2009
- Resistance on 06/19/2009
- Resistance on 06/10/2009
- Resistance on 06/05/2009
- Resistance on 06/01/2009
- Support on 09/08/2008
- Support on 09/05/2008
- Support on 09/04/2008
- Support on 08/31/2007
- Support on 08/30/2007
- Support on 08/29/2007
- Support on 08/24/2007

Click on the level to view price action history.

Symbol	Released	Current	Forecast
Australian Dollar / US Dollar (AUDUSD)^new	Sun, 14 Apr 2024
Australian Dollar / US Dollar (AUDUSD)^new	Sun, 14 Apr 2024
Australian Dollar / US Dollar (AUDUSD)	Sat, 6 Apr 2024
Australian Dollar / US Dollar (AUDUSD)	Sat, 30 Mar 2024
Australian Dollar / US Dollar (AUDUSD)	Sat, 23 Mar 2024

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1,978	1,582	1,442	1,407
1,155	622	595	555
496	470	456	454
415	408	379	293
274	267	262	258
241	217	206	198
197	186	175	173
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132	125	123	123
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