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Trend Hunter performance since 2015 for this symbol

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

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Trade Setup
#AUDUSD
Total Profit: 1090 pip
Closed trade(s): 450 pip Profit
Open trade(s): 640 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 0.7085(current price) - 0.7005(open price) = 80 pip
8 trade(s) still open, therefore total profit for open trade(s) is 80 x 8 = 640 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 0.7080 is broken, we will close open trades.
  • Price may also reach 0.7080, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateSat, 02/09/2019 - 22:48
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.7080, beginning of uptrend is expected.
  • We make sure when the resistance at 0.7380 breaks.
  • If the support at 0.7080 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.7080 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 0.7295 on 01/31/2019, so more losses minimum to Major Support (0.7080) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 41.

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.