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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

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Trade Setup

#AUDUSD
Total Profit: 2189 pip
Closed trade(s): 516 pip Profit
Open trade(s): 1673 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 0.8052 (day close price) based on 'Shooting Star' at 2017.09.08 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.7965 touched at 2017.09.14 with 87 pip Profit.
TP2 @ 0.7870 touched at 2017.09.26 with 182 pip Profit.
TP3 @ 0.7805 touched at 2017.09.28 with 247 pip Profit.
87 + 182 + 247 = 516 pip

Open Profit:
Profit for one trade is 0.8052(open price) - 0.7813(current price) = 239 pip
7 trade(s) still open, therefore total profit for open trade(s) is 239 x 7 = 1673 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.8065 to 0.8160). 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 (0.8065)
    • Resistance on 09/20/2017
    • Resistance on 09/11/2017
    • Resistance on 09/08/2017
    • Resistance on 09/07/2017
    • Resistance on 07/27/2017
    • Resistance on 04/29/2015
    • Support on 01/14/2015
    • Support on 01/08/2015
    • Support on 01/07/2015
    • Support on 01/06/2015
    • Support on 01/05/2015
    • Support on 06/08/2010
    • Support on 06/07/2010
    • Trough on 05/26/2010
    • Trough on 05/25/2010
    • Support on 05/25/2010
    • Support on 05/21/2010
    • Support on 05/20/2010
    • Resistance on 07/17/2009
    • Resistance on 07/16/2009
    • Resistance on 07/15/2009
    • Resistance on 06/24/2009
    • Resistance on 06/22/2009
    • Resistance on 06/21/2009
    • Resistance on 06/19/2009
  • Ending of entry zone (0.8160)
    • Peak on 05/18/2015
    • Peak on 05/15/2015
    • Peak on 05/14/2015
    • Resistance on 05/14/2015
    • Support on 01/20/2015
    • Resistance on 01/06/2015
    • Support on 12/31/2014
    • Resistance on 12/29/2014
    • Resistance on 12/22/2014
    • Support on 05/25/2010
    • Support on 05/24/2010
    • Support on 08/19/2009
    • Support on 08/17/2009
    • Support on 07/30/2009
    • Support on 07/29/2009
    • Support on 07/27/2009
    • Resistance on 07/23/2009
    • Resistance on 07/20/2009
    • Resistance on 06/30/2009
    • Resistance on 06/01/2009
    • Resistance on 09/09/2008
    • Support on 08/24/2007

DateOctober 21, 2017 - 12:24
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 0.7895 on 10/16/2017, so more losses to support(s) 0.7805, 0.7710, 0.7540 and more depths 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 44.

Take Profits:

  1. 0.7965
  2. 0.7870
  3. 0.7805
  4. 0.7710
  5. 0.7540
  6. 0.7330
  7. 0.7145
  8. 0.6940
  9. 0.6850
Click on the level to view price action history.