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

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Trade Setup

#AUDUSD
Total Profit: 141 pip
Closed trade(s): 141 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 8 SELL trade(s) @ 0.7853 (day close price) based on 'Shooting Star' at 2018.02.26 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.7805 touched at 2018.02.27 with 48 pip Profit.
TP2 @ 0.7760 touched at 2018.02.28 with 93 pip Profit.
48 + 93 = 141 pip

6 other break-even trades closed at entry price, therefore no profit no loss.
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7895 to 0.7990). 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 (0.7895)
    • Resistance on 02/26/2018
    • Resistance on 02/21/2018
    • Support on 02/19/2018
    • Support on 02/16/2018
    • Support on 01/15/2018
    • Resistance on 01/11/2018
    • Resistance on 10/16/2017
    • Peak on 10/13/2017
    • Resistance on 10/13/2017
    • Resistance on 09/27/2017
    • Support on 08/31/2017
    • Support on 08/30/2017
    • Support on 08/25/2017
    • Resistance on 08/14/2017
    • Resistance on 08/11/2017
    • Support on 08/08/2017
    • Support on 08/07/2017
    • Support on 08/04/2017
    • Support on 07/26/2017
    • Support on 07/25/2017
    • Support on 07/24/2017
    • Support on 07/21/2017
    • Support on 07/20/2017
    • Resistance on 05/22/2015
    • Support on 05/19/2015
    • Support on 05/08/2015
    • Support on 05/07/2015
    • Support on 04/30/2015
    • Resistance on 03/26/2015
    • Resistance on 03/25/2015
    • Resistance on 03/24/2015
    • Resistance on 03/23/2015
    • Resistance on 02/26/2015
    • Resistance on 02/25/2015
  • Ending of entry zone (0.7990)
    • Resistance on 02/16/2018
    • Peak on 02/16/2018
    • Support on 02/01/2018
    • Support on 01/24/2018
    • Support on 01/23/2018
    • Support on 01/22/2018
    • Resistance on 01/17/2018
    • Resistance on 09/22/2017
    • Support on 09/20/2017
    • Support on 09/15/2017
    • Support on 09/07/2017
    • Resistance on 09/01/2017
    • Resistance on 08/30/2017
    • Resistance on 08/02/2017
    • Resistance on 07/28/2017
    • Resistance on 07/20/2017

DateSat, 03/10/2018 - 22:01
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 resumption of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 0.7710 on 03/01/2018, so more gains maximum to Trend Hunter Sell Zone (0.7895 to 0.7990) 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 51.

Take Profits:

  1. 0.7805
  2. 0.7760
  3. 0.7625
  4. 0.7500
  5. 0.7330
  6. 0.7160
  7. 0.6850
Click on the level to view price action history.