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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

Download MT4 template file

Trade Setup
#AUDUSD
Total Profit: 2106 pip
Closed trade(s): 450 pip Profit
Open trade(s): 1656 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 0.7005 (day close price) based on 'Hammer' at 2019.01.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.7085 touched at 2019.01.04 with 80 pip Profit.
TP2 @ 0.7150 touched at 2019.01.09 with 145 pip Profit.
TP3 @ 0.7230 touched at 2019.01.11 with 225 pip Profit.
80 + 145 + 225 = 450 pip

Open Profit:
Profit for one trade is 0.7212(current price) - 0.7005(open price) = 207 pip
8 trade(s) still open, therefore total profit for open trade(s) is 207 x 8 = 1656 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.
  • If the Midterm level 0.70850 is broken, we will close open trades.

DateJanuary 12, 2019 - 16:27
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.70850, beginning of uptrend is expected.
  • We make sure when the resistance at 0.73800 breaks.
  • If the support at 0.70850 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.70850 is broken.

Technical analysis:

  • A trough is formed in daily chart at 0.6765 on 01/03/2019, so more gains to resistance(s) 0.7230, 0.7300 and maximum to Major Resistance (0.7380) 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 59.

Take Profits:

  1. 0.7085
  2. 0.7150
  3. 0.7230
  4. 0.7300
  5. 0.7380
  6. 0.7445
  7. 0.7575
  8. 0.7655
  9. 0.7805
  10. 0.8135
Click on the level to view price action history.

Symbol Released Current Forecast
Australian Dollar / US Dollar (AUDUSD) new Sun, 17 Mar 2024
Australian Dollar / US Dollar (AUDUSD) free Sat, 9 Mar 2024
Australian Dollar / US Dollar (AUDUSD) free Sat, 2 Mar 2024
Australian Dollar / US Dollar (AUDUSD) Sun, 25 Feb 2024
Australian Dollar / US Dollar (AUDUSD) Sat, 17 Feb 2024