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

#EURAUD
Total Profit: 1825 pip
Closed trade(s): 135 pip Profit
Open trade(s): 1690 pip Profit

Trade Setup:
We opened 11 SELL trades @ 1.63747 based on 'Peak' entry method at 2023-06-01, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 1.62402 touched at 2023-06-02 with 135 pip Profit.

Open Profit:
Profit for one SELL trade is 1.63747(open price) - 1.62062(current price) = 169 pip
10 trade(s) still open, therefore total profit for open trade(s) is 169 x 10 = 1690 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.
DateJune 4, 2023 - 19:43
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.66627, beginning of downtrend is expected.
  • We make sure when the support at 1.58528 breaks.
  • If the resistance at 1.66627 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.65145 on 05/26/2023, so more losses to support(s) 1.60616, 1.59332 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 42.

Take Profits:

  1. 1.62402
  2. 1.60616
  3. 1.59332
  4. 1.58528
  5. 1.55790
  6. 1.53564
  7. 1.52023
  8. 1.50570
  9. 1.48594
  10. 1.46500
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.