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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: 450 pip
Closed trade(s): 450 pip Profit
Open trade(s): 0 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

8 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 Buy Zone (0.7020 to 0.6940). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7020)
    • Trough on 10/26/2018
    • Support on 10/26/2018
    • Support on 12/27/2018
    • Support on 12/28/2018
    • Resistance on 01/02/2019
    • Resistance on 01/03/2019
    • Support on 03/06/2019
  • Ending of entry zone (0.6940)
    • Resistance on 09/07/2015
    • Support on 09/10/2015
    • Support on 09/24/2015
    • Support on 09/29/2015
    • Support on 01/08/2016
    • Support on 01/11/2016
    • Support on 01/12/2016
    • Support on 01/13/2016
    • Support on 01/14/2016
    • Resistance on 01/19/2016
    • Support on 01/25/2016
    • Support on 01/26/2016
    • Support on 01/03/2019

DateSat, 03/09/2019 - 13:27
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.7380 would begin in Midterm.

Technical analysis:

  • A peak is formed in daily chart at 0.7198 on 02/27/2019, so more losses minimum to Trend Hunter Buy Zone (0.7020 to 0.6940) 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.