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

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Trade Setup

#AUDUSD
Total Profit: 3620 pip
Closed trade(s): 1385 pip Profit
Open trade(s): 2235 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.
TP5 @ 0.7540 touched at 2017.11.17 with 515 pip Profit.
90 + 185 + 250 + 345 + 515 = 1385 pip

Open Profit:
Profit for one trade is 0.8055(open price) - 0.7609(current price) = 447 pip
5 trade(s) still open, therefore total profit for open trade(s) is 447 x 5 = 2235 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

DateSat, 12/02/2017 - 09:27
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 0.7550 on 12/01/2017, so more gains to resistance(s) 0.7710, 0.7805, 0.7870 and maximum to Trend Hunter Sell Zone (0.8065 to 0.8160) 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 45.

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.