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

#AUDUSD
Total Profit: -795 pip
Closed trade(s): 69 pip Profit
Open trade(s): -864 pip Profit

Trade Setup:
We opened 10 BUY trades @ 0.68413 based on 'Valley' entry method at 2022-09-09.

Closed Profit:
TP1 @ 0.69100 touched at 2022-09-13 with 69 pip Profit.

Open Profit:
Profit for one BUY trade is 0.67449(current price) - 0.68413(open price) = -96 pip
9 trade(s) still open, therefore total profit for open trade(s) is -96 x 9 = -864 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.

DateSeptember 15, 2022 - 09:46
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.66760, beginning of uptrend is expected.
  • We make sure when the resistance at 0.72787 breaks.
  • If the support at 0.66760 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The double bottoms taking shape.
  • A peak is formed in daily chart at 0.69155 on 09/13/2022, so more losses to support(s) 0.67272 and minimum to Major Support (0.66760) 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. 0.69100
  2. 0.69693
  3. 0.70438
  4. 0.71350
  5. 0.72787
  6. 0.74570
  7. 0.76600
  8. 0.78900
  9. 0.83693
Click on the level to view price action history.