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Weekly forecast technical chart
Symbol AUDUSD

Download MT4 template file

Trade Setup

#AUDUSD
Total Profit: 2350 pip
Closed trade(s): 1385 pip Profit
Open trade(s): 965 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) - 0.7862(current price) = 193 pip
5 trade(s) still open, therefore total profit for open trade(s) is 193 x 5 = 965 pip
_______________________________________________

DateSat, 01/06/2018 - 12:20
Currentrange bound
Forecastresumption of downtrend
Last weekBullish
Open0.7839
High0.7874 on Fri, 01/05/2018 - 20:00
Low0.7805 on Wed, 01/03/2018 - 02:30
Close0.7862
Description

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.7895 would begin in Midterm.
  • Price may also reach 0.7895, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry is not according to Trend Hunter Strategy, and depends on personal strategies.
  • We will close our open trades, if the Midterm level 0.7895 is broken.

Trading suggestion:
We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
If the Midterm level 0.7895 is broken, we will close these trades.

Technical analysis:

  • A trough is formed in daily chart at 0.7500 on 12/11/2017, so more gains to resistance(s) 0.7870, 0.7965 and maximum to Trend Hunter Sell Zone (0.8065 to 0.8160) 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 77.

Take Profits:

  1. 0.7965
    • Resistance on 09/25/2017
    • Resistance on 09/24/2017
    • Resistance on 09/22/2017
    • Support on 09/19/2017
    • Support on 09/18/2017
    • Support on 09/14/2017
    • Support on 09/13/2017
    • Resistance on 09/04/2017
    • Resistance on 09/03/2017
    • Resistance on 08/30/2017
    • Resistance on 08/29/2017
    • Resistance on 08/28/2017
    • Resistance on 08/17/2017
    • Resistance on 08/04/2017
    • Resistance on 08/03/2017
    • Support on 08/02/2017
    • Resistance on 08/02/2017
    • Support on 08/01/2017
    • Support on 07/31/2017
    • Support on 07/28/2017
    • Support on 07/27/2017
    • Resistance on 07/25/2017
    • Resistance on 07/24/2017
    • Resistance on 07/21/2017
    • Resistance on 07/20/2017
    • Resistance on 07/19/2017
    • Support on 05/13/2015
    • Resistance on 05/08/2015
    • Resistance on 05/07/2015
    • Resistance on 05/06/2015
    • Resistance on 05/05/2015
    • Resistance on 01/28/2015
    • Resistance on 01/27/2015
  2. 0.7870
    • Resistance on 01/05/2018
    • Resistance on 01/04/2018
    • Resistance on 10/05/2017
    • Resistance on 10/04/2017
    • Support on 09/26/2017
    • Support on 08/31/2017
    • Support on 08/24/2017
    • Support on 08/18/2017
    • Support on 08/17/2017
    • Resistance on 08/15/2017
    • Support on 08/11/2017
    • Support on 08/10/2017
    • Support on 08/09/2017
    • Support on 07/26/2017
    • Support on 07/21/2017
    • Support on 05/21/2015
    • Support on 05/20/2015
    • Support on 05/11/2015
    • Support on 05/08/2015
    • Support on 04/30/2015
    • Resistance on 04/27/2015
    • Resistance on 03/26/2015
    • Resistance on 03/25/2015
    • Resistance on 02/06/2015
  3. 0.7805
    • Resistance on 01/01/2018
    • Resistance on 12/29/2017
    • Resistance on 12/28/2017
    • Support on 10/23/2017
    • Support on 10/22/2017
    • Support on 10/20/2017
    • Resistance on 10/11/2017
    • Support on 10/03/2017
    • Support on 10/02/2017
    • Support on 09/28/2017
    • Support on 08/15/2017
    • Trough on 08/15/2017
    • Resistance on 04/21/2016
    • Resistance on 04/20/2016
    • Resistance on 04/19/2016
    • Resistance on 06/22/2015
    • Resistance on 06/19/2015
    • Resistance on 06/18/2015
    • Resistance on 06/03/2015
    • Support on 05/25/2015
    • Support on 05/24/2015
    • Support on 05/22/2015
    • Support on 05/05/2015
    • Support on 05/04/2015
    • Support on 05/01/2015
    • Support on 04/27/2015
    • Resistance on 04/22/2015
    • Resistance on 04/20/2015
    • Resistance on 04/17/2015
    • Resistance on 04/16/2015
    • Resistance on 03/22/2015
    • Resistance on 03/20/2015
    • Resistance on 03/19/2015
    • Resistance on 03/18/2015
    • Resistance on 03/06/2015
    • Support on 03/04/2015
    • Resistance on 03/02/2015
    • Resistance on 02/11/2015
    • 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
    • Resistance on 02/02/2015
  4. 0.7710
    • Resistance on 12/21/2017
    • Resistance on 10/26/2017
    • 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
  5. 0.7540
    • Resistance on 12/11/2017
    • Support on 11/21/2017
    • Support on 11/20/2017
    • Support on 11/17/2017
    • Support on 06/23/2017
    • Support on 06/22/2017
    • Support on 06/21/2017
    • Resistance on 06/13/2017
    • Resistance on 06/12/2017
    • Resistance on 06/09/2017
    • Resistance on 06/08/2017
    • Resistance on 06/07/2017
    • Resistance on 05/03/2017
    • Resistance on 05/02/2017
    • Resistance on 05/01/2017
    • Resistance on 04/26/2017
    • Support on 04/23/2017
    • Resistance on 04/20/2017
    • Support on 04/18/2017
    • Resistance on 04/12/2017
    • Resistance on 04/07/2017
    • Support on 04/06/2017
    • Support on 04/04/2017
    • Support on 03/14/2017
    • Support on 03/13/2017
    • Support on 03/12/2017
    • Resistance on 03/10/2017
    • Support on 03/03/2017
    • Support on 01/31/2017
    • Support on 11/15/2016
    • Support on 11/14/2016
    • Support on 11/11/2016
    • Support on 10/13/2016
    • Support on 10/12/2016
    • Support on 10/11/2016
    • Support on 09/21/2016
    • Resistance on 09/19/2016
    • Support on 09/12/2016
    • Support on 09/09/2016
    • Support on 09/02/2016
    • Support on 08/29/2016
    • Resistance on 07/28/2016
    • Resistance on 07/27/2016
    • Resistance on 07/26/2016
    • Resistance on 07/07/2016
    • Resistance on 07/06/2016
    • Resistance on 07/05/2016
    • Resistance on 07/04/2016
    • Support on 04/27/2016
    • Support on 04/11/2016
    • Support on 04/10/2016
    • Support on 04/06/2016
    • Support on 04/05/2016
    • Support on 03/29/2016
    • Support on 03/22/2016
    • Support on 03/17/2016
    • Support on 04/02/2015
  6. 0.7330
    • Support on 05/11/2017
    • Support on 05/09/2017
    • Support on 12/15/2016
    • Support on 11/21/2016
    • Support on 11/18/2016
    • Support on 06/28/2016
    • Support on 06/27/2016
    • Support on 06/24/2016
    • Support on 06/16/2016
    • Support on 06/15/2016
    • Support on 06/14/2016
    • Resistance on 05/18/2016
    • Resistance on 05/17/2016
    • Resistance on 05/13/2016
    • Support on 05/11/2016
    • Support on 05/06/2016
    • Support on 03/04/2016
    • Resistance on 12/31/2015
    • Resistance on 12/10/2015
  7. 0.7145
    • Support on 05/30/2016
    • Trough on 05/25/2016
    • Trough on 05/24/2016
    • Support on 05/24/2016
  8. 0.6940
    • Support on 01/26/2016
    • Support on 01/25/2016
    • Support on 01/21/2016
    • Resistance on 01/19/2016
    • Support on 01/14/2016
    • Support on 01/13/2016
    • Support on 01/12/2016
    • Support on 01/11/2016
    • Support on 01/08/2016
    • Support on 09/29/2015
    • Support on 09/24/2015
    • Support on 09/10/2015
    • Support on 09/08/2015
    • Resistance on 09/07/2015
    • Resistance on 09/06/2015
  9. 0.6850
    • Support on 01/20/2016
    • Support on 01/19/2016
    • Support on 01/18/2016
    • Support on 01/15/2016
    • Support on 04/01/2009
    • Support on 03/27/2009
    • Support on 03/20/2009
    • Resistance on 02/09/2009
    • Resistance on 01/19/2009
    • Support on 12/31/2008
    • Support on 12/30/2008
    • Support on 12/18/2008
    • Support on 12/17/2008
    • Resistance on 11/06/2008
    • Resistance on 11/03/2008
    • Resistance on 10/31/2008
    • Resistance on 10/30/2008
    • Resistance on 10/22/2008
    • Support on 10/20/2008
    • Support on 10/17/2008
    • Resistance on 10/10/2008
    • Resistance on 10/09/2008
    • Support on 09/09/2004
    • Support on 06/23/2004
    • Support on 06/22/2004
    • Support on 06/16/2004
    • Support on 06/15/2004
    • Support on 06/14/2004
    • Support on 06/10/2004
    • Support on 06/03/2004
    • Support on 05/19/2004
    • Support on 05/18/2004
    • Support on 05/17/2004
    • Support on 05/14/2004
    • Support on 05/13/2004
    • Support on 10/16/2003
    • Support on 10/15/2003
    • Support on 10/14/2003
    • Support on 10/13/2003
    • Support on 10/07/2003
    • Resistance on 10/03/2003
    • Resistance on 09/30/2003
    • Resistance on 07/07/2003

Latest forecasts
Symbol Released Current Forecast
AUDUSD Sat, 17 Feb 2018
AUDUSD free Sat, 10 Feb 2018
AUDUSD Sun, 4 Feb 2018
AUDUSD Sat, 27 Jan 2018
AUDUSD Sat, 20 Jan 2018