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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup

#EURAUD
Total Profit: 2347 pip
Closed trade(s): 367 pip Profit
Open trade(s): 1980 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.5524 (day close price) based on 'Valley' at 2021.03.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.5595 touched at 2021.03.24 with 71 pip Profit.
TP2 @ 1.5820 touched at 2021.05.24 with 296 pip Profit.
71 + 296 = 367 pip

Open Profit:
Profit for one trade is 1.5854(current price) - 1.5524(open price) = 330 pip
6 trade(s) still open, therefore total profit for open trade(s) is 330 x 6 = 1980 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.

DateJune 20, 2021 - 19:24
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.5250, beginning of uptrend is expected.
  • We make sure when the resistance at 1.5985 breaks.
  • If the support at 1.5250 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 38 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 1.5660 on 06/11/2021, so more gains maximum to Major Resistance (1.5985) 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 64.

Take Profits:

  1. 1.5595
  2. 1.5820
  3. 1.5985
  4. 1.6135
  5. 1.6415
  6. 1.6825
  7. 1.7315
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Australian Dollar (EURAUD) Sat, 31 Jul 2021
Euro / Australian Dollar (EURAUD) free Sat, 24 Jul 2021
Euro / Australian Dollar (EURAUD) free Sun, 18 Jul 2021
Euro / Australian Dollar (EURAUD) Sun, 11 Jul 2021
Euro / Australian Dollar (EURAUD) Sun, 4 Jul 2021