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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

Download MT4 template file

Trade Setup

#AUDUSD
Total Profit: 959 pip
Closed trade(s): 959 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 9 SELL trade(s) @ 0.7626 (day close price) based on 'Peak' at 2016.10.20 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDUSD...

Closed Profit:
TP1 @ 0.7540 touched at 2016.11.11 with 86 pip Profit.
TP2 @ 0.7445 touched at 2016.11.17 with 181 pip Profit.
TP3 @ 0.7330 touched at 2016.11.18 with 296 pip Profit.
TP4 @ 0.7230 touched at 2016.12.20 with 396 pip Profit.
86 + 181 + 296 + 396 = 959 pip

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

Trading suggestion:

Price is in the Trend Hunter Sell Zone (0.7675 to 0.7830).

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7675)
    • Resistance on 02/02/2017
    • Support on 11/07/2016
    • Resistance on 11/02/2016
    • Resistance on 11/01/2016
    • Resistance on 10/26/2016
    • Resistance on 10/18/2016
    • Resistance on 10/03/2016
    • Resistance on 09/30/2016
    • Resistance on 09/27/2016
    • Resistance on 09/22/2016
    • Resistance on 09/08/2016
    • Resistance on 08/26/2016
    • Resistance on 08/15/2016
    • Resistance on 08/09/2016
    • Resistance on 08/08/2016
    • Peak on 07/18/2016
    • Peak on 07/15/2016
    • Resistance on 07/15/2016
    • Resistance on 05/03/2016
    • Resistance on 05/02/2016
    • Resistance on 04/04/2016
    • Resistance on 03/31/2016
    • Resistance on 03/30/2016
    • Resistance on 03/18/2016
    • Support on 06/30/2015
    • Support on 06/24/2015
    • Support on 06/23/2015
    • Support on 06/17/2015
    • Support on 06/12/2015
    • Support on 06/10/2015
    • Support on 06/09/2015
    • Support on 06/04/2015
    • Peak on 05/29/2015
    • Support on 04/21/2015
    • Support on 04/16/2015
    • Resistance on 04/07/2015
    • Resistance on 04/06/2015
    • Resistance on 04/03/2015
    • Support on 03/09/2015
    • Support on 02/12/2015
    • Support on 02/03/2015
  • Ending of entry zone (0.7830)
    • Resistance on 04/21/2016
    • Resistance on 04/20/2016
    • Resistance on 04/19/2016
    • Resistance on 06/18/2015
    • Resistance on 05/26/2015
    • Support on 05/05/2015
    • Support on 05/04/2015
    • Support on 05/01/2015
    • Support on 04/28/2015
    • Resistance on 04/24/2015
    • Peak on 04/20/2015
    • Resistance on 04/20/2015
    • Resistance on 04/17/2015
    • Resistance on 04/16/2015
    • Resistance on 03/27/2015
    • Resistance on 03/18/2015
    • Resistance on 03/06/2015
    • Resistance on 03/05/2015
    • Resistance on 03/04/2015
    • Resistance on 03/03/2015
    • Resistance on 02/27/2015
    • Support on 02/25/2015
    • Resistance on 02/24/2015
    • Resistance on 02/19/2015
    • Resistance on 02/18/2015
    • Resistance on 02/17/2015
    • Resistance on 02/10/2015
    • Resistance on 02/09/2015
    • Resistance on 02/06/2015
    • Resistance on 02/05/2015
    • Resistance on 02/04/2015
    • Resistance on 02/03/2015
DateFebruary 4, 2017 - 08:47
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 0.7160 on 01/02/2017, so more gains maximum to Trend Hunter Sell Zone (0.7675 to 0.7830) 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 71.

Take Profits:

  1. 0.7540
  2. 0.7445
  3. 0.7330
  4. 0.7230
  5. 0.7145
  6. 0.7015
  7. 0.6940
  8. 0.6850
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.