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

#EURAUD
Total Profit: 2730 pip
Closed trade(s): 962 pip Profit
Open trade(s): 1768 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.
TP3 @ 1.46150 touched at 2022-07-26 with 549 pip Profit.
108 + 305 + 549 = 962 pip

Open Profit:
Profit for one SELL trade is 1.51636(open price) - 1.47223(current price) = 442 pip
4 trade(s) still open, therefore total profit for open trade(s) is 442 x 4 = 1768 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.

DateAugust 6, 2022 - 20:46
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 trough is formed in daily chart at 1.45055 on 07/27/2022, so more gains to resistance(s) 1.48594, 1.50562, 1.52753 and maximum to Major Resistance (1.53564) 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 46.

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) new Sun, 2 Oct 2022
Euro / Australian Dollar (EURAUD) free Sat, 24 Sep 2022
Euro / Australian Dollar (EURAUD) Sun, 18 Sep 2022
Euro / Australian Dollar (EURAUD) Sun, 11 Sep 2022
Euro / Australian Dollar (EURAUD) free Sun, 4 Sep 2022