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

#AUDUSD
Total Profit: 1415 pip
Closed trade(s): 65 pip Profit
Open trade(s): 1350 pip Profit

Trade Setup:
We opened 11 BUY trades @ 0.66147 based on 'HAMMER' entry method at 2023-04-28, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 0.66800 touched at 2023-05-02 with 65 pip Profit.

Open Profit:
Profit for one BUY trade is 0.67501(current price) - 0.66147(open price) = 135 pip
10 trade(s) still open, therefore total profit for open trade(s) is 135 x 10 = 1350 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.
DateMay 7, 2023 - 23:39
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.65639, beginning of uptrend is expected.
  • We make sure when the resistance at 0.67943 breaks.
  • If the support at 0.65639 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 41 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 0.65720 on 04/28/2023, so more gains maximum to Major Resistance (0.67943) 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 58.

Take Profits:

  1. 0.67134
  2. 0.67943
  3. 0.68930
  4. 0.70065
  5. 0.71541
  6. 0.72637
  7. 0.74570
  8. 0.76600
  9. 0.78900
  10. 0.83693
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.