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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD
Trade Setup

#AUDUSD
Total Profit: 1888 pip
Closed trade(s): 355 pip Profit
Open trade(s): 1533 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.7290 (day close price) based on 'Valley' at 2021.10.05 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.7338 touched at 2021.10.11 with 48 pip Profit.
TP2 @ 0.7407 touched at 2021.10.14 with 117 pip Profit.
TP3 @ 0.7480 touched at 2021.10.19 with 190 pip Profit.
48 + 117 + 190 = 355 pip

Open Profit:
Profit for one trade is 0.7509(current price) - 0.7290(open price) = 219 pip
7 trade(s) still open, therefore total profit for open trade(s) is 219 x 7 = 1533 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.
DateOctober 30, 2021 - 11:30
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.71050, resumption of uptrend is expected.
  • We make sure when the resistance at 0.75640 breaks.
  • If the support at 0.71050 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.7170 on 09/30/2021, so more gains maximum to Major Resistance (0.7564) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 64.

Take Profits:

  1. 0.7338
  2. 0.7407
  3. 0.7480
  4. 0.7564
  5. 0.7600
  6. 0.7655
  7. 0.7780
  8. 0.7850
  9. 0.8002
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / US Dollar (AUDUSD) Sun, 14 Apr 2024
Australian Dollar / US Dollar (AUDUSD) 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
History
Daily-Trading-Opportunities on AUDUSD.