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

#AUDUSD
Total Profit: 355 pip
Closed trade(s): 355 pip Profit
Open trade(s): 0 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

7 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7252 to 0.7220). 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 (0.7252)
  • Ending of entry zone (0.7220)

DateNovember 14, 2021 - 10:55
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 peak is formed in daily chart at 0.7431 on 11/09/2021, so more losses to support(s) 0.7252, 0.7220 and minimum to Major Support (0.7105) 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 42.

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. 0.8005
Click on the level to view price action history.