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Weekly forecast | Australian Dollar / US Dollar technical chart | |
---|---|---|
Symbol | AUDUSD |
Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7310 to 0.7200). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. While the price is below the level 0.7380, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 0.7380 and expect to reach short-term targets.
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Date | August 23, 2018 - 10:21 | |
Current | range bound | |
Forecast | beginning of uptrend | |
Midterm forecast:
Technical analysis:
Take Profits:
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