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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

Download MT4 template file

Trade Setup

#AUDUSD
Total Profit: 150 pip
Closed trade(s): 30 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.7200 (day close price) based on 'Valley & Close above 0.7105' at 2018.11.01 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.7230 touched at 2018.11.02 with 30 pip Profit.

All 7 trades closed at entry price, therefore no profit no loss.

#AUDUSD
Total Profit: 800 pip
Closed trade(s): 116 pip Profit
Open trade(s): 684 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.7217 (day close price) based on 'Two-day reversal candle & Close above 0.7180' at 2018.11.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.7230 touched at 2018.11.14 with 13 pip Profit.
TP2 @ 0.7320 touched at 2018.11.16 with 103 pip Profit.
13 + 103 = 116 pip

Open Profit:
Profit for one trade is 0.7331(current price) - 0.7217(open price) = 114 pip
6 trade(s) still open, therefore total profit for open trade(s) is 114 x 6 = 684 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateNovember 17, 2018 - 19:19
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.70200, beginning of uptrend is expected.
  • We make sure when the resistance at 0.74450 breaks.
  • If the support at 0.70200 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 56 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.7165 on 11/13/2018, so more gains maximum to Major Resistance (0.7445) 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 66.

Take Profits:

  1. 0.7230
  2. 0.7320
  3. 0.7445
  4. 0.7575
  5. 0.7655
  6. 0.7805
  7. 0.8135
Click on the level to view price action history.
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Australian Dollar / US Dollar (AUDUSD) Sun, 14 Apr 2024
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History
Daily-Trading-Opportunities on AUDUSD.