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

#EURAUD
Total Profit: 9114 pip
Closed trade(s): 7250 pip Profit
Open trade(s): 1864 pip Profit

Trade Setup:
We opened 9 BUY trades @ 1.44517 based on 'Valley' entry method at 2022-08-26.

Closed Profit:
TP1 @ 1.46500 touched at 2022-08-31 with 198 pip Profit.
TP2 @ 1.48594 touched at 2022-09-08 with 407 pip Profit.
TP3 @ 1.50570 touched at 2022-09-29 with 605 pip Profit.
TP4 @ 1.52023 touched at 2022-09-30 with 750 pip Profit.
TP5 @ 1.53564 touched at 2022-10-04 with 904 pip Profit.
TP6 @ 1.55790 touched at 2022-10-13 with 1127 pip Profit.
TP7 @ 1.59299 touched at 2022-12-20 with 1478 pip Profit.
TP8 @ 1.62330 touched at 2023-03-22 with 1781 pip Profit.
198 + 407 + 605 + 750 + 904 + 1127 + 1478 + 1781 = 7250 pip

Open Profit:
Profit for one BUY trade is 1.63164(current price) - 1.44517(open price) = 1864 pip
1 trade(s) still open, therefore total profit for open trade(s) is 1864 x 1 = 1864 pip

#EURAUD
Total Profit: 9114 pip
Closed trade(s): 7250 pip Profit
Open trade(s): 1864 pip Profit

Trade Setup:
We opened 9 BUY trades @ 1.44517 based on 'Valley' entry method at 2022-08-26.

Closed Profit:
TP1 @ 1.46500 touched at 2022-08-31 with 198 pip Profit.
TP2 @ 1.48594 touched at 2022-09-08 with 407 pip Profit.
TP3 @ 1.50570 touched at 2022-09-29 with 605 pip Profit.
TP4 @ 1.52023 touched at 2022-09-30 with 750 pip Profit.
TP5 @ 1.53564 touched at 2022-10-04 with 904 pip Profit.
TP6 @ 1.55790 touched at 2022-10-13 with 1127 pip Profit.
TP7 @ 1.59299 touched at 2022-12-20 with 1478 pip Profit.
TP8 @ 1.62330 touched at 2023-03-22 with 1781 pip Profit.
198 + 407 + 605 + 750 + 904 + 1127 + 1478 + 1781 = 7250 pip

Open Profit:
Profit for one BUY trade is 1.63164(current price) - 1.44517(open price) = 1864 pip
1 trade(s) still open, therefore total profit for open trade(s) is 1864 x 1 = 1864 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.
  • If the Midterm level 1.58528 is broken, we will close open trades.
DateMay 7, 2023 - 15:55
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.58528, resumption of uptrend is expected.
  • We make sure when the resistance at 1.67794 breaks.
  • If the support at 1.58528 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.58528 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 1.67850 on 04/26/2023, so more losses to support(s) 1.63122, 1.62330, 1.59299 and minimum to Major Support (1.58528) 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 47.

Take Profits:

  1. 1.46500
  2. 1.48594
  3. 1.50570
  4. 1.52023
  5. 1.53564
  6. 1.55790
  7. 1.59299
  8. 1.62330
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / Australian Dollar (EURAUD) new Sun, 21 Apr 2024
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
History
Daily-Trading-Opportunities on EURAUD.