website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
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 Euro / Australian Dollar technical chart
Symbol EURAUD

Download MT4 template file

Trade Setup
#EURAUD
Total Profit: 293 pip
Closed trade(s): 293 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.6214 (day close price) based on 'Two-day reversal candle (Shooting Satr)' at 2019.12.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.6150 touched at 2019.12.19 with 64 pip Profit.
TP2 @ 1.5985 touched at 2019.12.26 with 229 pip Profit.
64 + 229 = 293 pip

6 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 Sell Zone (1.6355 to 1.6430). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.6355)
    • Resistance on 08/24/2015
    • Resistance on 09/11/2018
    • Resistance on 10/05/2018
    • Resistance on 10/08/2018
    • Resistance on 10/10/2018
    • Resistance on 10/11/2018
    • Resistance on 01/02/2019
    • Resistance on 01/03/2019
    • Resistance on 06/13/2019
    • Resistance on 06/14/2019
    • Resistance on 06/20/2019
    • Resistance on 06/25/2019
    • Resistance on 08/02/2019
    • Support on 08/15/2019
    • Support on 08/20/2019
    • Support on 08/23/2019
    • Support on 08/26/2019
    • Resistance on 09/03/2019
    • Resistance on 10/02/2019
    • Resistance on 10/03/2019
    • Resistance on 10/10/2019
    • Resistance on 10/14/2019
  • Ending of entry zone (1.6430)
    • Resistance on 08/24/2015
    • Resistance on 01/03/2019
    • Resistance on 06/18/2019
    • Support on 08/09/2019
    • Support on 08/13/2019
    • Resistance on 08/22/2019
    • Resistance on 08/27/2019
    • Resistance on 08/30/2019
    • Peak on 10/16/2019
    • Resistance on 10/16/2019
DateJanuary 11, 2020 - 16:38
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.67850, beginning of downtrend is expected.
  • We make sure when the support at 1.59850 breaks.
  • If the resistance at 1.67850 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.6295 on 01/07/2020, so more losses minimum to Major Support (1.5985) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 1.6150
  2. 1.5985
  3. 1.5885
  4. 1.5605
  5. 1.5345
  6. 1.5205
  7. 1.4835
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
History
Daily-Trading-Opportunities on EURAUD.