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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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Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.7020 to 0.6965).

While the price is below the level 0.7020, 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 0.7020 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
    • Resistance on 05/08/2019
  • Ending of entry zone (0.6965)
    • Support on 09/10/2015
    • Support on 09/24/2015
    • Support on 09/29/2015
    • Support on 01/11/2016
    • Support on 01/12/2016
    • Resistance on 01/19/2016
    • Support on 02/09/2016
    • Support on 01/03/2019
    • Support on 05/06/2019
    • Support on 05/09/2019

DateSat, 05/11/2019 - 20:21
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.6940, beginning of uptrend is expected.
  • We make sure when the resistance at 0.7200 breaks.
  • If the support at 0.6940 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 34 and it prevented price from more losses.
  • While the RSI resistance #2 at 59 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.6964 on 05/06/2019, so more gains to resistance(s) 0.7020, 0.7070, 0.7115 and maximum to Major Resistance (0.7200) 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 40.

Take Profits:

  1. 0.7070
  2. 0.7115
  3. 0.7200
  4. 0.7320
  5. 0.7445
  6. 0.7575
  7. 0.7675
  8. 0.7805
  9. 0.8135
Click on the level to view price action history.