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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

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Trade Setup

#AUDUSD
Total Profit: 32 pip
Closed trade(s): 32 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 0.7657 (day close price) based on 'Two-Day Reversal Candle (Shooting Star)' at 2017.07.03 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDUSD...

Closed Profit:
TP1 @ 0.7625 touched at 2017.07.04 with 32 pip Profit.

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

Trading suggestion:

Price is in the Trend Hunter Sell Zone (0.7710 to 0.7830).

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

  • Beginning of entry zone (0.7710)
    • Resistance on 06/30/2017
    • Resistance on 03/19/2017
    • Resistance on 03/17/2017
    • Resistance on 03/16/2017
    • Resistance on 03/15/2017
    • Resistance on 02/27/2017
    • Resistance on 02/22/2017
    • Resistance on 02/17/2017
    • Resistance on 02/16/2017
    • Resistance on 02/15/2017
    • Resistance on 11/10/2016
    • Support on 11/08/2016
    • Resistance on 10/26/2016
    • Peak on 09/29/2016
    • Resistance on 09/29/2016
    • Resistance on 09/08/2016
    • Resistance on 08/18/2016
    • Resistance on 08/17/2016
    • Resistance on 08/16/2016
    • Resistance on 08/12/2016
    • Resistance on 08/11/2016
    • Resistance on 08/10/2016
    • Resistance on 05/03/2016
    • Support on 04/26/2016
    • Support on 04/22/2016
    • Resistance on 04/14/2016
    • Resistance on 04/13/2016
    • Resistance on 03/31/2016
    • Resistance on 03/30/2016
    • Peak on 05/12/2009
    • Peak on 05/11/2009
  • Ending of entry zone (0.7830)
    • Resistance on 07/14/2017
    • 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

DateJuly 15, 2017 - 12:44
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 0.7570 on 07/05/2017, so more gains maximum to Trend Hunter Sell Zone (0.7710 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 75.

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.