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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

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Trade Setup
#AUDUSD
Total Profit: 911 pip
Closed trade(s): 103 pip Profit
Open trade(s): 808 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.6921 (day close price) based on 'Valley' at 2019.06.20 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.6940 touched at 2019.06.24 with 19 pip Profit.
TP2 @ 0.7005 touched at 2019.06.27 with 84 pip Profit.
19 + 84 = 103 pip

Open Profit:
Profit for one trade is 0.7022(current price) - 0.6921(open price) = 101 pip
8 trade(s) still open, therefore total profit for open trade(s) is 101 x 8 = 808 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.
DateJune 29, 2019 - 19:51
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.68650, beginning of uptrend is expected.
  • We make sure when the resistance at 0.70700 breaks.
  • If the support at 0.68650 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.68645 on 2019-05-17 and the trough at 0.6801 on 2019-07-08, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.6831 on 06/18/2019, so more gains maximum to Major Resistance (0.7070) 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 64.

Take Profits:

  1. 0.6940
  2. 0.7005
  3. 0.7070
  4. 0.7150
  5. 0.7200
  6. 0.7395
  7. 0.7675
  8. 0.7805
  9. 0.8135
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / US Dollar (AUDUSD) Sun, 14 Apr 2024
Australian Dollar / US Dollar (AUDUSD) Sun, 14 Apr 2024
Australian Dollar / US Dollar (AUDUSD) Sat, 6 Apr 2024
Australian Dollar / US Dollar (AUDUSD) Sat, 30 Mar 2024
Australian Dollar / US Dollar (AUDUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on AUDUSD.