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

#AUDUSD
Total Profit: 8 pip
Closed trade(s): 0 pip Profit
Open trade(s): 8 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.7128 based on 'Hammer' at 2022.02.14 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 0.7129(current price) - 0.7128(open price) = 1 pip
8 trade(s) still open, therefore total profit for open trade(s) is 1 x 8 = 8 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.
DateFebruary 15, 2022 - 08:56
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.69900, beginning of uptrend is expected.
  • We make sure when the resistance at 0.73120 breaks.
  • If the support at 0.69900 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 0.69923 on 2021-12-03 and the trough at 0.696329 on 2022-02-01, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.7248 on 02/10/2022, so more losses to support(s) 0.7060 and minimum to Major Support (0.6990) 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 50.

Take Profits:

  1. 0.7170
  2. 0.7312
  3. 0.7393
  4. 0.7564
  5. 0.7655
  6. 0.7780
  7. 0.8005
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
History
Daily-Trading-Opportunities on AUDUSD.