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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

Download MT4 template file

Trade Setup

#EURAUD
Total Profit: 15684 pip
Closed trade(s): 15684 pip Profit
Open trade(s): 0 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.
TP8 @ 1.4465 touched at 2016.08.08 with 1372 pip Profit.
147 + 257 + 387 + 562 + 822 + 977 + 1192 + 1372 = 5716 pip

Closed Profit:
Profit for one trade is 1.5837(open price) - 1.4591(current price) = 1246 pip
8 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 1246 x 8 = 9968 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.4465 to 1.4410). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.4465)
    • Support on 08/10/2016
    • Support on 08/09/2016
    • Support on 08/08/2016
    • Support on 07/12/2016
    • Support on 04/21/2016
    • Support on 04/20/2016
    • Trough on 03/10/2016
    • Support on 03/10/2016
    • Support on 12/03/2015
    • Support on 12/02/2015
    • Support on 06/26/2015
    • Support on 06/25/2015
    • Support on 06/16/2015
    • Support on 06/04/2015
    • Resistance on 02/26/2015
    • Support on 02/24/2015
    • Support on 02/20/2015
    • Support on 02/10/2015
    • Support on 02/09/2015
    • Peak on 09/05/2013
  • Ending of entry zone (1.4410)
    • Support on 08/11/2016
    • Support on 08/10/2016
    • Support on 04/21/2016
    • Support on 12/03/2015
    • Support on 12/02/2015
    • Support on 09/25/2015
    • Support on 09/24/2015
    • Support on 07/02/2015
    • Support on 07/01/2015
    • Support on 06/29/2015
    • Support on 06/25/2015
    • Support on 06/24/2015
    • Support on 06/23/2015
    • Support on 06/15/2015
    • Resistance on 06/02/2015
    • Resistance on 04/07/2015
    • Resistance on 04/06/2015
    • Resistance on 04/02/2015
    • Resistance on 03/03/2015
    • Resistance on 03/02/2015
    • Resistance on 02/27/2015
    • Resistance on 02/26/2015
    • Support on 02/20/2015
    • Support on 02/09/2015
    • Resistance on 01/22/2015
    • Support on 01/14/2015
    • Support on 01/13/2015
    • Support on 01/12/2015
    • Support on 01/09/2015
    • Support on 11/25/2014
    • Resistance on 11/18/2014
    • Support on 11/07/2014
    • Resistance on 11/04/2014
    • Resistance on 10/30/2014
    • Peak on 10/30/2014
    • Support on 10/24/2014
    • Support on 10/21/2014
    • Support on 10/06/2014
    • Support on 09/30/2014
    • Support on 09/23/2014
    • Resistance on 09/19/2014
    • Resistance on 09/18/2014
    • Resistance on 09/15/2014
    • Resistance on 08/15/2014
    • Resistance on 08/07/2014
    • Resistance on 08/05/2014
    • Resistance on 08/01/2014
    • Resistance on 07/31/2014
    • Support on 07/17/2014
    • Support on 06/24/2014
    • Support on 06/23/2014
    • Support on 06/16/2014
    • Support on 06/11/2014
    • Resistance on 11/20/2013
    • Resistance on 11/19/2013
    • Resistance on 11/18/2013
    • Resistance on 10/28/2013
    • Resistance on 10/25/2013
    • Resistance on 10/24/2013
    • Peak on 10/10/2013
    • Resistance on 10/09/2013
    • Peak on 10/09/2013
    • Resistance on 10/08/2013
    • Resistance on 10/07/2013
    • Resistance on 09/26/2013
    • Resistance on 09/20/2013
    • Resistance on 09/12/2013
    • Resistance on 07/29/2013
    • Resistance on 07/25/2013
    • Resistance on 07/24/2013
    • Resistance on 07/03/2013
    • Peak on 06/24/2013
    • Peak on 06/21/2013
    • Resistance on 06/21/2013
    • Peak on 06/20/2013
    • Resistance on 06/20/2013
    • Peak on 08/23/2010
    • Peak on 08/20/2010

DateAugust 13, 2016 - 10:05
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 1.4420 on 08/10/2016, so more gains to resistance(s) 1.4645, 1.4860, 1.5115 and more heights 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 45.

Take Profits:

  1. 1.4645
  2. 1.4860
  3. 1.5115
  4. 1.5335
  5. 1.5580
  6. 1.5825
  7. 1.6250
  8. 1.6595
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Australian Dollar (EURAUD) Sun, 24 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 17 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 10 Mar 2024
Euro / Australian Dollar (EURAUD) Sun, 3 Mar 2024
Euro / Australian Dollar (EURAUD) Wed, 28 Feb 2024