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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD
Trade Setup

#EURAUD
Total Profit: 2362 pip
Closed trade(s): 2362 pip Profit
Open trade(s): 0 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 @ 1.5601 touched at 2021.03.24 with 77 pip Profit.
TP2 @ 1.5820 touched at 2021.05.24 with 296 pip Profit.
TP3 @ 1.6011 touched at 2021.07.19 with 487 pip Profit.
TP4 @ 1.6135 touched at 2021.07.30 with 611 pip Profit.
TP5 @ 1.6415 touched at 2021.08.20 with 891 pip Profit.
77 + 296 + 487 + 611 + 891 = 2362 pip

All 3 trades closed at entry price, therefore no profit no loss.

Trading suggestion:

Price is in the Trend Hunter Buy Zone (1.5440 to 1.5250).

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

  • Beginning of entry zone (1.5440)
  • Ending of entry zone (1.5250)

DateOctober 31, 2021 - 10:30
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.56010, resumption of downtrend is expected.
  • We make sure when the support at 1.52500 breaks.
  • If the resistance at 1.56010 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 47 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.6234 on 09/21/2021, so more losses minimum to Major Support (1.5250) 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 28.

Take Profits:

  1. 1.5601
  2. 1.5820
  3. 1.6011
  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) 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