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

Download MT4 template file

Trade Setup

#AUDUSD
Total Profit: 38 pip
Closed trade(s): 38 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 0.7798 (day close price) based on 'Peak' at 2018.03.15 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.7760 touched at 2018.03.16 with 38 pip Profit.

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 (0.8065 to 0.8135). 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 02/01/2018
    • Resistance on 01/25/2018
    • Resistance on 01/24/2018
    • 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 (0.8135)
    • Resistance on 01/26/2018
    • Peak on 01/26/2018
    • Resistance on 05/14/2015
    • Resistance on 05/13/2015
    • Peak on 01/22/2015
    • Resistance on 01/22/2015
    • Support on 01/15/2015
    • Support on 01/14/2015
    • Support on 01/13/2015
    • Support on 01/12/2015
    • Resistance on 01/08/2015
    • Support on 12/19/2014
    • Support on 05/25/2010
    • Support on 07/30/2009
    • Support on 07/29/2009
    • Support on 07/27/2009
    • Support on 07/22/2009
    • Support on 07/21/2009
    • Resistance on 06/30/2009
    • Resistance on 06/19/2009
    • Resistance on 06/10/2009
    • Resistance on 06/05/2009
    • Resistance on 06/01/2009

DateSat, 04/14/2018 - 15:44
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 0.7645 on 03/29/2018, so more gains to resistance(s) 0.7895, 0.7990 and maximum to Trend Hunter Sell Zone (0.8065 to 0.8135) 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 53.

Take Profits:

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