Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Australian Dollar vs. US Dollar technical chart
Symbol AUDUSD

Download MT4 template file

Trade Setup
#AUDUSD
Total Profit: 559 pip
Closed trade(s): 103 pip Profit
Open trade(s): 456 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 0.6978(current price) - 0.6921(open price) = 57 pip
8 trade(s) still open, therefore total profit for open trade(s) is 57 x 8 = 456 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.

DateSat, 07/06/2019 - 21:22
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.6825, beginning of uptrend is expected.
  • We make sure when the resistance at 0.7070 breaks.
  • If the support at 0.6825 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 peak is formed in daily chart at 0.7047 on 07/04/2019, so more losses to support(s) 0.6940, 0.6865 and minimum to Major Support (0.6825) 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 52.

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.