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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: 103 pip
Closed trade(s): 103 pip Profit
Open trade(s): 0 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

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 (0.6865 to 0.6825). 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 (0.6865)
    • Support on 05/13/2004
    • Support on 05/14/2004
    • Support on 05/17/2004
    • Support on 05/18/2004
    • Support on 05/19/2004
    • Support on 06/03/2004
    • Support on 06/04/2004
    • Support on 06/09/2004
    • Support on 06/10/2004
    • Support on 06/14/2004
    • Support on 06/15/2004
    • Support on 06/16/2004
    • Support on 06/21/2004
    • Support on 06/22/2004
    • Support on 06/23/2004
    • Support on 06/24/2004
    • Support on 09/09/2004
    • Support on 09/10/2004
    • Support on 10/17/2008
    • Support on 10/20/2008
    • Resistance on 10/30/2008
    • Resistance on 11/03/2008
    • Resistance on 11/06/2008
    • Support on 12/17/2008
    • Support on 12/18/2008
    • Support on 12/31/2008
    • Resistance on 02/09/2009
    • Support on 03/27/2009
    • Support on 04/01/2009
    • Support on 01/15/2016
    • Support on 01/20/2016
    • Support on 01/21/2016
    • Support on 01/03/2019
    • Support on 05/17/2019
    • Support on 05/21/2019
    • Support on 05/23/2019
    • Support on 06/14/2019
    • Support on 06/19/2019
  • Ending of entry zone (0.6825)
    • Resistance on 07/07/2003
    • Resistance on 09/22/2003
    • Resistance on 09/25/2003
    • Resistance on 09/30/2003
    • Support on 10/14/2003
    • Support on 05/14/2004
    • Support on 05/17/2004
    • Support on 05/18/2004
    • Support on 06/14/2004
    • Support on 06/15/2004
    • Support on 10/17/2008
    • Resistance on 10/29/2008
    • Resistance on 10/30/2008
    • Resistance on 11/03/2008
    • Resistance on 11/06/2008
    • Support on 12/18/2008
    • Support on 12/26/2008
    • Support on 12/29/2008
    • Resistance on 01/13/2009
    • Resistance on 01/14/2009
    • Resistance on 01/19/2009
    • Resistance on 02/09/2009
    • Resistance on 03/18/2009
    • Support on 01/15/2016
    • Support on 01/20/2016
    • Support on 01/03/2019

DateSat, 07/13/2019 - 21:24
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.6825, beginning of uptrend is expected.
  • We make sure when the resistance at 0.7055 breaks.
  • If the support at 0.6825 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.6910 on 07/10/2019, so more gains maximum to Major Resistance (0.7055) 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 58.

Take Profits:

  1. 0.6940
  2. 0.7005
  3. 0.7055
  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.