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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

Download MT4 template file

Trade Setup

#AUDUSD
Total Profit: 1508 pip
Closed trade(s): 800 pip Profit
Open trade(s): 708 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 0.7685 (day close price) based on 'Two-Day Reversal Candle (Shooting Star)' at 2017.03.21 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDUSD...

Closed Profit:
TP1 @ 0.7625 touched at 2017.03.23 with 60 pip Profit.
TP2 @ 0.7540 touched at 2017.04.06 with 145 pip Profit.
TP3 @ 0.7445 touched at 2017.04.27 with 240 pip Profit.
TP4 @ 0.7330 touched at 2017.05.09 with 355 pip Profit.
60 + 145 + 240 + 355 = 800 pip

Open Profit:
Profit for one trade is 0.7685(open price) - 0.7567(current price) = 118 pip
6 trade(s) still open, therefore total profit for open trade(s) is 118 x 6 = 708 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7695 to 0.7830). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (0.7695)
    • Resistance on 03/22/2017
    • Resistance on 03/01/2017
    • Resistance on 02/28/2017
    • Resistance on 02/27/2017
    • Resistance on 02/21/2017
    • Resistance on 02/20/2017
    • Resistance on 02/17/2017
    • Resistance on 02/14/2017
    • Resistance on 02/10/2017
    • Resistance on 02/03/2017
    • Resistance on 02/02/2017
    • Support on 11/08/2016
    • Resistance on 11/04/2016
    • Resistance on 11/03/2016
    • Resistance on 11/01/2016
    • Resistance on 10/26/2016
    • Resistance on 10/18/2016
    • Resistance on 10/04/2016
    • Resistance on 09/29/2016
    • Resistance on 09/28/2016
    • Resistance on 09/27/2016
    • Resistance on 09/08/2016
    • Resistance on 09/07/2016
    • Resistance on 09/06/2016
    • Resistance on 08/26/2016
    • Resistance on 08/19/2016
    • Resistance on 08/18/2016
    • Resistance on 08/17/2016
    • Resistance on 08/16/2016
    • Resistance on 08/15/2016
    • Resistance on 08/09/2016
    • Resistance on 05/03/2016
    • Support on 04/26/2016
    • Support on 04/25/2016
    • Support on 04/22/2016
    • Resistance on 04/14/2016
    • Resistance on 04/13/2016
    • Resistance on 04/12/2016
    • Resistance on 04/01/2016
    • Resistance on 03/31/2016
    • Resistance on 03/30/2016
    • Resistance on 06/29/2015
    • Support on 06/25/2015
    • Support on 06/24/2015
    • Support on 06/23/2015
    • Resistance on 06/05/2015
    • Support on 05/27/2015
    • Support on 04/22/2015
    • Support on 04/21/2015
    • Support on 04/20/2015
    • Resistance on 04/15/2015
    • Resistance on 04/10/2015
    • Resistance on 04/09/2015
    • Resistance on 04/08/2015
    • Resistance on 04/07/2015
    • Resistance on 04/03/2015
    • Support on 03/09/2015
    • Support on 02/12/2015
    • Support on 02/11/2015
    • 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
    • Resistance on 04/20/2015
    • Peak 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

DateJune 24, 2017 - 12:57
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 peak is formed in daily chart at 0.7635 on 06/14/2017, so more losses to support(s) 0.7540, 0.7445, 0.7330 and more depths 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 57.

Take Profits:

  1. 0.7625
  2. 0.7540
  3. 0.7445
  4. 0.7330
  5. 0.7230
  6. 0.7145
  7. 0.7015
  8. 0.6940
  9. 0.6850
Click on the level to view price action history.