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

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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
_______________________________________________

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.

DateSat, 01/06/2018 - 12:20
Currentrange bound
Forecastresumption of downtrend
Last weekBullish

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.

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
  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.