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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

Download MT4 template file

Trade Setup

#EURAUD
Total Profit: 11490 pip
Closed trade(s): 4344 pip Profit
Open trade(s): 7146 pip Profit
_______________________________________________
Trade Setup:
We opened 16 SELL trade(s) @ 1.5837 (day close price) based on 'Two-Day Reversal Candle' at 2016.02.12 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURAUD...

Closed Profit:
TP1 @ 1.5690 touched at 2016.02.15 with 147 pip Profit.
TP2 @ 1.5580 touched at 2016.02.15 with 257 pip Profit.
TP3 @ 1.5450 touched at 2016.02.22 with 387 pip Profit.
TP4 @ 1.5275 touched at 2016.02.22 with 562 pip Profit.
TP5 @ 1.5015 touched at 2016.03.02 with 822 pip Profit.
TP6 @ 1.4860 touched at 2016.03.03 with 977 pip Profit.
TP7 @ 1.4645 touched at 2016.03.09 with 1192 pip Profit.
147 + 257 + 387 + 562 + 822 + 977 + 1192 = 4344 pip

Open Profit:
Profit for one trade is 1.5837(open price) - 1.5043(current price) = 794 pip
9 trade(s) still open, therefore total profit for open trade(s) is 794 x 9 = 7146 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.5825 to 1.6250). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.5825)
    • Resistance on 02/15/2016
    • Support on 02/12/2016
    • Resistance on 02/08/2016
    • Resistance on 01/21/2016
    • Resistance on 01/20/2016
    • Support on 01/18/2016
    • Resistance on 01/14/2016
    • Resistance on 01/11/2016
    • Resistance on 10/14/2015
    • Support on 10/02/2015
    • Support on 10/01/2015
    • Resistance on 09/21/2015
    • Resistance on 09/16/2015
    • Support on 09/14/2015
    • Support on 09/10/2015
    • Support on 09/09/2015
    • Support on 09/04/2015
    • Support on 09/03/2015
    • Resistance on 08/31/2015
    • Resistance on 08/28/2015
    • Support on 08/26/2015
    • Support on 08/25/2015
    • Peak on 02/03/2014
    • Peak on 01/31/2014
    • Peak on 01/29/2014
    • Peak on 01/28/2014
    • Peak on 01/27/2014
    • Peak on 01/24/2014
    • Resistance on 01/24/2014
  • Ending of entry zone (1.6250)
    • Peak on 02/15/2016
    • Peak on 02/12/2016
    • Peak on 02/11/2016
    • Resistance on 02/11/2016
    • Peak on 09/29/2015
    • Resistance on 09/29/2015
    • Resistance on 08/26/2015
    • Resistance on 08/25/2015
    • Resistance on 08/24/2015

DateApril 30, 2016 - 14:28
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 1.4430 on 04/25/2016, so more gains to resistance(s) 1.5275, 1.5450, 1.5580 and maximum to Trend Hunter Sell Zone (1.5825 to 1.6250) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 61.

Take Profits:

  1. 1.5690
  2. 1.5580
  3. 1.5450
  4. 1.5275
  5. 1.5015
  6. 1.4860
  7. 1.4645
  8. 1.4365
  9. 1.4220
  10. 1.4040
  11. 1.3715
  12. 1.3160
  13. 1.2820
  14. 1.2225
  15. 1.1600
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Australian Dollar (EURAUD) Sun, 24 Mar 2024
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Euro / Australian Dollar (EURAUD) Sun, 10 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 3 Mar 2024
Euro / Australian Dollar (EURAUD) Wed, 28 Feb 2024