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

#EURAUD
Total Profit: 2503 pip
Closed trade(s): 413 pip Profit
Open trade(s): 2090 pip Profit

Trade Setup:
We opened 7 SELL trades @ 1.51636 based on 'Two-day reversal candle (Shooting Satr)' entry method at 2022-07-04.

Closed Profit:
TP1 @ 1.50562 touched at 2022-07-06 with 108 pip Profit.
TP2 @ 1.48594 touched at 2022-07-07 with 305 pip Profit.
108 + 305 = 413 pip

Open Profit:
Profit for one SELL trade is 1.51636(open price) - 1.47464(current price) = 418 pip
5 trade(s) still open, therefore total profit for open trade(s) is 418 x 5 = 2090 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateJuly 24, 2022 - 16:21
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.53564, resumption of downtrend is expected.
  • We make sure when the support at 1.43000 breaks.
  • If the resistance at 1.53564 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.53970 on 07/01/2022, so more losses to support(s) 1.46150 and minimum to Major Support (1.43000) 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 37.

Take Profits:

  1. 1.50562
  2. 1.48594
  3. 1.46150
  4. 1.43000
  5. 1.40735
  6. 1.36750
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.