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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup
#EURAUD
Total Profit: 427 pip
Closed trade(s): 0 pip Profit
Open trade(s): 427 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.6401 based on '67313' entry method at 2020.07.24.

Open Profit:
Profit for one trade is 1.6462(current price) - 1.6401(open price) = 61 pip
7 trade(s) still open, therefore total profit for open trade(s) is 61 x 7 = 427 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.

DateAugust 8, 2020 - 18:47
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.58850, beginning of uptrend is expected.
  • We make sure when the resistance at 1.65600 breaks.
  • If the support at 1.58850 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 1.6100 on 07/22/2020, so more gains maximum to Major Resistance (1.6560) 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 56.

Take Profits:

  1. 1.6560
  2. 1.6885
  3. 1.7315
  4. 1.7815
  5. 1.8570
  6. 1.9800
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Australian Dollar (EURAUD) Sun, 24 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 17 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 10 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 3 Mar 2024
Euro / Australian Dollar (EURAUD) Wed, 28 Feb 2024