Weekly EURAUD Technical Analysis and Forecast - Forex

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Weekly forecast Euro / Australian Dollar technical chart

Symbol

EURAUD

Download MT4 template file

Trade Setup

#EURAUD
Total Profit: 938 pip
Closed trade(s): 389 pip Profit
Open trade(s): 549 pip Profit

Trade Setup:
We opened 13 SELL trade(s) @ 1.6166 (day close price) based on 'Shooting Satr' at 2019.07.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.6150 touched at 2019.07.11 with 16 pip Profit.
TP2 @ 1.6095 touched at 2019.07.12 with 71 pip Profit.
TP3 @ 1.6045 touched at 2019.07.12 with 121 pip Profit.
TP4 @ 1.5985 touched at 2019.07.16 with 181 pip Profit.
16 + 71 + 121 + 181 = 389 pip

Open Profit:
Profit for one trade is 1.6166(open price) - 1.6105(current price) = 61 pip
9 trade(s) still open, therefore total profit for open trade(s) is 61 x 9 = 549 pip

Trading suggestion:

We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Date July 27, 2019 - 17:51

Current range bound

Forecast beginning of downtrend

Midterm forecast:

While the price is below the resistance 1.64450, beginning of downtrend is expected.
We make sure when the support at 1.58850 breaks.
If the resistance at 1.64450 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

A trough is formed in daily chart at 1.5895 on 07/22/2019, so more gains to resistance(s) 1.6150, 1.6255, 1.6355 and maximum to Major Resistance (1.6445) 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 53.

Take Profits:

1.6150
- Resistance on 07/12/2019
- Resistance on 07/03/2019
- Support on 07/01/2019
- Support on 06/10/2019
- Support on 06/07/2019
- Resistance on 06/05/2019
- Resistance on 06/04/2019
- Support on 05/27/2019
- Support on 05/21/2019
- Support on 05/20/2019
- Support on 05/16/2019
- Resistance on 01/10/2019
- Resistance on 12/20/2018
- Resistance on 10/29/2018
- Resistance on 10/26/2018
- Resistance on 10/25/2018
- Support on 10/22/2018
- Support on 10/17/2018
- Support on 10/10/2018
- Support on 10/04/2018
- Resistance on 09/28/2018
- Support on 09/26/2018
- Resistance on 09/21/2018
- Resistance on 09/20/2018
- Support on 09/18/2018
- Support on 09/13/2018
- Resistance on 09/04/2018
- Resistance on 09/03/2018
- Resistance on 08/31/2018
- Resistance on 04/25/2018
- Resistance on 03/28/2018
- Resistance on 03/27/2018
- Resistance on 02/11/2016
- Resistance on 02/09/2016
- Resistance on 10/02/2015
- Resistance on 09/29/2015
- Resistance on 09/24/2015
- Resistance on 09/10/2015
- Resistance on 09/08/2015
- Resistance on 09/07/2015
- Resistance on 09/04/2015
- Resistance on 09/02/2015
- Resistance on 09/01/2015
- Resistance on 08/26/2015
1.6095
- Resistance on 07/25/2019
- Support on 06/06/2019
- Support on 06/03/2019
- Support on 05/20/2019
- Resistance on 05/09/2019
- Resistance on 03/07/2019
- Resistance on 03/06/2019
- Resistance on 01/10/2019
- Resistance on 01/09/2019
- Support on 12/24/2018
- Support on 12/21/2018
- Support on 10/24/2018
- Support on 10/19/2018
- Support on 10/18/2018
- Support on 09/21/2018
- Support on 09/05/2018
- Resistance on 04/26/2018
- Resistance on 04/25/2018
- Resistance on 04/24/2018
- Resistance on 04/02/2018
- Resistance on 03/29/2018
- Resistance on 03/26/2018
- Resistance on 02/11/2016
- Resistance on 02/09/2016
- Resistance on 01/15/2016
- Resistance on 10/02/2015
- Resistance on 09/28/2015
- Resistance on 09/24/2015
- Resistance on 09/10/2015
- Resistance on 09/03/2015
- Support on 08/25/2015
1.6045
- Resistance on 07/25/2019
- Support on 07/12/2019
- Support on 07/08/2019
- Support on 07/05/2019
- Support on 05/30/2019
- Support on 05/13/2019
- Resistance on 05/09/2019
- Resistance on 05/07/2019
- Resistance on 05/06/2019
- Resistance on 03/20/2019
- Resistance on 03/14/2019
- Resistance on 03/05/2019
- Resistance on 03/04/2019
- Resistance on 02/28/2019
- Resistance on 02/08/2019
- Resistance on 01/24/2019
- Support on 12/27/2018
- Trough on 12/27/2018
- Support on 12/26/2018
- Support on 12/21/2018
- Resistance on 12/19/2018
- Support on 10/29/2018
- Support on 10/26/2018
- Support on 10/25/2018
- Support on 10/24/2018
- Support on 10/19/2018
- Support on 10/03/2018
- Support on 09/28/2018
- Support on 09/20/2018
- Support on 09/04/2018
- Support on 08/31/2018
- Resistance on 08/29/2018
- Resistance on 05/02/2018
- Resistance on 05/01/2018
- Resistance on 04/30/2018
- Resistance on 04/27/2018
- Resistance on 04/09/2018
- Resistance on 04/04/2018
- Support on 03/28/2018
- Support on 03/27/2018
- Resistance on 03/20/2018
1.5985
- Resistance on 07/24/2019
- Support on 07/15/2019
- Resistance on 05/03/2019
- Resistance on 05/02/2019
- Resistance on 05/01/2019
- Resistance on 03/25/2019
- Support on 03/21/2019
- Resistance on 03/18/2019
- Resistance on 03/13/2019
- Resistance on 03/11/2019
- Resistance on 03/08/2019
- Resistance on 02/22/2019
- Resistance on 02/21/2019
- Resistance on 02/12/2019
- Resistance on 02/11/2019
- Resistance on 02/08/2019
- Resistance on 01/30/2019
- Resistance on 01/29/2019
- Resistance on 01/25/2019
- Resistance on 01/24/2019
- Resistance on 01/14/2019
- Support on 01/10/2019
- Support on 01/09/2019
- Support on 01/08/2019
- Support on 01/07/2019
- Support on 01/04/2019
- Support on 12/20/2018
- Resistance on 11/01/2018
- Support on 10/02/2018
- Trough on 10/02/2018
- Support on 08/30/2018
- Support on 04/30/2018
- Support on 04/27/2018
- Support on 04/23/2018
- Resistance on 04/19/2018
- Resistance on 04/11/2018
- Resistance on 04/05/2018
- Resistance on 04/04/2018
- Support on 03/30/2018
- Support on 03/29/2018
- Resistance on 03/21/2018
1.5885
- Support on 07/23/2019
- Support on 07/22/2019
- Support on 07/19/2019
- Resistance on 04/26/2019
- Resistance on 04/03/2019
- Resistance on 03/28/2019
- Resistance on 03/27/2019
- Support on 03/22/2019
- Support on 03/12/2019
- Support on 03/11/2019
- Support on 02/28/2019
- Support on 02/22/2019
- Resistance on 02/19/2019
- Resistance on 02/05/2019
- Support on 01/25/2019
- Resistance on 01/21/2019
- Resistance on 01/18/2019
- Resistance on 01/17/2019
- Support on 01/11/2019
- Resistance on 12/10/2018
- Resistance on 07/20/2018
- Resistance on 07/11/2018
- Resistance on 07/03/2018
- Peak on 07/03/2018
- Resistance on 05/15/2018
- Resistance on 05/14/2018
- Resistance on 05/10/2018
- Support on 05/03/2018
- Support on 04/19/2018
- Support on 04/18/2018
- Support on 04/17/2018
- Support on 04/12/2018
- Support on 04/10/2018
- Support on 03/22/2018
- Support on 03/21/2018
- Support on 03/19/2018
- Resistance on 03/08/2018
- Resistance on 03/07/2018
- Resistance on 03/06/2018
- Resistance on 03/05/2018
- Resistance on 03/02/2018
1.5680
- Support on 04/17/2019
- Support on 12/13/2018
- Support on 12/12/2018
- Support on 11/26/2018
- Support on 11/20/2018
- Resistance on 08/17/2018
- Resistance on 08/16/2018
- Resistance on 08/15/2018
- Resistance on 08/10/2018
- Support on 07/19/2018
- Resistance on 06/14/2018
- Support on 05/17/2018
- Support on 05/16/2018
- Support on 03/14/2018
- Resistance on 02/26/2018
- Resistance on 02/20/2018
- Resistance on 02/12/2018
- Resistance on 02/07/2018
- Resistance on 12/11/2017
- Resistance on 12/08/2017
- Resistance on 12/07/2017
- Resistance on 11/29/2017
- Resistance on 11/28/2017
- Resistance on 11/27/2017
- Resistance on 11/24/2017
1.5345
- Support on 12/03/2018
- Trough on 12/03/2018
- Support on 06/07/2018
- Support on 06/06/2018
- Support on 05/29/2018
- Support on 01/25/2018
- Resistance on 01/22/2018
- Resistance on 01/18/2018
- Resistance on 01/08/2018
- Resistance on 01/05/2018
- Support on 12/22/2017
- Support on 12/18/2017
- Support on 12/15/2017
- Support on 12/14/2017
- Resistance on 10/26/2017
- Resistance on 10/25/2017
1.5075
- Support on 11/09/2017
- Support on 11/08/2017
- Support on 11/07/2017
- Support on 10/09/2017
- Resistance on 10/02/2017
- Resistance on 09/29/2017
- Resistance on 09/28/2017
- Resistance on 09/22/2017
- Resistance on 09/21/2017
- Resistance on 08/31/2017
- Resistance on 08/30/2017
- Resistance on 08/29/2017
- Resistance on 08/28/2017
- Resistance on 07/07/2017
- Resistance on 07/06/2017
- Resistance on 05/26/2017
- Resistance on 05/25/2017
- Resistance on 05/22/2017
- Resistance on 05/18/2017
- Resistance on 09/15/2016
- Resistance on 09/14/2016
- Resistance on 09/13/2016
1.4910
- Support on 09/27/2017
- Support on 09/26/2017
- Support on 09/25/2017
- Support on 09/08/2017
- Support on 09/04/2017
- Support on 08/25/2017
- Resistance on 08/21/2017
- Resistance on 08/09/2017
- Resistance on 08/08/2017
- Resistance on 08/07/2017
- Resistance on 08/02/2017
- Support on 07/06/2017
- Resistance on 07/04/2017
- Resistance on 06/30/2017
- Resistance on 06/29/2017
- Support on 05/18/2017
- Support on 05/17/2017
- Resistance on 05/05/2017
1.4670
- Support on 07/25/2017
- Support on 07/24/2017
- Support on 06/27/2017
- Support on 06/21/2017
- Support on 06/19/2017
- Support on 06/16/2017
- Support on 05/12/2017
- Resistance on 05/03/2017
- Resistance on 12/30/2016
- Resistance on 11/09/2016
- Resistance on 10/13/2016
- Resistance on 10/12/2016
- Support on 10/07/2016
- Resistance on 10/03/2016
- Support on 09/30/2016
- Support on 09/21/2016
- Support on 09/05/2016
- Resistance on 08/16/2016
- Support on 08/03/2016
- Support on 08/02/2016
- Support on 08/01/2016
- Support on 07/29/2016
- Support on 07/25/2016
- Support on 07/22/2016
- Support on 07/21/2016
- Support on 07/20/2016
- Support on 03/23/2016
- Support on 03/14/2016
- Support on 03/10/2016
- Support on 03/09/2016
1.4040
- Resistance on 04/03/2017
- Resistance on 03/30/2017
- Resistance on 03/17/2017
- Resistance on 03/16/2017
- Resistance on 03/15/2017
- Resistance on 02/09/2017
- Support on 02/02/2017
- Support on 01/19/2017
- Support on 05/27/2015
- Support on 05/22/2015
- Support on 05/21/2015
- Support on 05/20/2015
- Support on 05/19/2015
- Support on 05/12/2015
- Support on 05/06/2015
- Support on 05/05/2015
- Resistance on 04/09/2015
- Support on 03/31/2015
- Support on 03/30/2015
- Resistance on 03/26/2015
- Resistance on 03/18/2015
- Resistance on 03/11/2015
- Support on 03/09/2015
- Support on 03/06/2015
- Support on 01/23/2015
- Support on 01/22/2015
- Support on 01/19/2015
- Support on 01/16/2015
- Support on 09/11/2014
- Support on 09/10/2014
- Support on 09/03/2014
- Support on 09/01/2014
- Support on 11/07/2013
- Support on 07/05/2013
- Support on 06/28/2013
- Support on 06/19/2013
- Resistance on 06/17/2013
- Support on 06/12/2013
- Resistance on 06/10/2013
- Resistance on 10/04/2011
- Resistance on 08/11/2011
- Resistance on 08/09/2011
- Support on 03/22/2011
- Support on 03/16/2011
- Resistance on 11/05/2010
- Support on 11/03/2010
- Support on 11/01/2010
- Support on 10/27/2010
- Support on 10/26/2010
- Support on 10/25/2010
- Support on 10/19/2010
- Support on 10/14/2010
- Support on 10/13/2010
- Support on 10/12/2010
- Support on 09/30/2010
- Resistance on 09/27/2010
- Resistance on 09/23/2010
- Resistance on 09/22/2010
- Support on 09/06/2010
- Support on 09/03/2010
- Support on 09/02/2010
- Support on 09/01/2010
- Support on 06/24/2010
- Support on 06/23/2010
- Support on 06/22/2010
- Support on 06/21/2010
- Support on 05/06/2010
1.3675
- Support on 02/23/2017
- Support on 02/22/2017
- Support on 04/29/2015
- Support on 04/28/2015
- Support on 10/07/2011
- Support on 10/06/2011
- Support on 09/28/2011
- Support on 08/26/2011
- Support on 08/15/2011
- Support on 08/08/2011
- Resistance on 08/05/2011
- Resistance on 06/10/2011

Click on the level to view price action history.

Symbol	Released	Current	Forecast
Euro / Australian Dollar (EURAUD)	Sun, 14 Apr 2024
Euro / Australian Dollar (EURAUD)	Sun, 7 Apr 2024
Euro / Australian Dollar (EURAUD)	Sun, 31 Mar 2024
Euro / Australian Dollar (EURAUD)	Sun, 24 Mar 2024
Euro / Australian Dollar (EURAUD)	Sun, 17 Mar 2024

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Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101