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Weekly forecast Australian Dollar vs. US Dollar technical chart
Symbol AUDUSD

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Trade Setup

#AUDUSD
Total Profit: 3252 pip
Closed trade(s): 870 pip Profit
Open trade(s): 2382 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 0.8055 (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 90 pip Profit.
TP2 @ 0.7870 touched at 2017.09.26 with 185 pip Profit.
TP3 @ 0.7805 touched at 2017.09.28 with 250 pip Profit.
TP4 @ 0.7710 touched at 2017.10.25 with 345 pip Profit.
90 + 185 + 250 + 345 = 870 pip

Open Profit:
Profit for one trade is 0.8055(open price) - 0.7658(current price) = 397 pip
6 trade(s) still open, therefore total profit for open trade(s) is 397 x 6 = 2382 pip
_______________________________________________

DateSat, 11/11/2017 - 16:32
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBullish

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 0.7730 on 11/02/2017, so more losses to support(s) 0.7540, 0.7330, 0.7145 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 40.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.8065 to 0.8160), if so, we would set 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
    • Resistance on 05/14/2015
    • Peak 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

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.