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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup
#EURAUD
Total Profit: -889 pip
Closed trade(s): 0 pip Profit
Open trade(s): -889 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.6319 (day close price) based on 'Valley' at 2020.11.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.6192(current price) - 1.6319(open price) = -127 pip
7 trade(s) still open, therefore total profit for open trade(s) is -127 x 7 = -889 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.

DateNovember 28, 2020 - 19:36
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 1.68250 breaks.
  • If the support at 1.58850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.6332 on 11/20/2020, so more losses to support(s) 1.6135, 1.6025 and minimum to Major Support (1.5885) 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 43.

Take Profits:

  1. 1.6460
  2. 1.6825
  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