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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. Australian Dollar technical chart
Symbol EURAUD

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Trade Setup
#EURAUD
Total Profit: -245 pip
Closed trade(s): 11 pip Profit
Open trade(s): -256 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 1.6256 (day close price) based on 'Two-day reversal candle (Shooting Satr)' at 2019.10.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.6245 touched at 2019.10.04 with 11 pip Profit.

Open Profit:
Profit for one trade is 1.6256(open price) - 1.6288(current price) = -32 pip
8 trade(s) still open, therefore total profit for open trade(s) is -32 x 8 = -256 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.

DateSat, 10/19/2019 - 18:38
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 1.6785, beginning of downtrend is expected.
  • We make sure when the support at 1.5890 breaks.
  • If the resistance at 1.6785 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
  • A peak is formed in daily chart at 1.6430 on 10/16/2019, so more losses to support(s) 1.6245, 1.6150, 1.5985 and minimum to Major Support (1.5890) 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. 1.6245
  2. 1.6150
  3. 1.5985
  4. 1.5890
  5. 1.5605
  6. 1.5345
  7. 1.5205
  8. 1.4835
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. Australian Dollar (EURAUD) Sat, 9 Nov 2019
Euro vs. Australian Dollar (EURAUD) free Sat, 2 Nov 2019
Euro vs. Australian Dollar (EURAUD) free Sat, 26 Oct 2019
Euro vs. Australian Dollar (EURAUD) Sat, 19 Oct 2019
Euro vs. Australian Dollar (EURAUD) Sat, 12 Oct 2019