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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup

#EURAUD
Total Profit: 10130 pip
Closed trade(s): 3480 pip Profit
Open trade(s): 6650 pip Profit
_______________________________________________
Trade Setup:
We opened 13 BUY trade(s) @ 1.3870 based on 'Valley' entry method at 2017.03.02.

Closed Profit:
TP1 @ 1.4040 touched at 2017.03.09 with 170 pip Profit.
TP2 @ 1.4220 touched at 2017.03.27 with 350 pip Profit.
TP3 @ 1.4410 touched at 2017.04.24 with 540 pip Profit.
TP4 @ 1.4525 touched at 2017.04.25 with 655 pip Profit.
TP5 @ 1.4645 touched at 2017.04.28 with 775 pip Profit.
TP6 @ 1.4860 touched at 2017.05.05 with 990 pip Profit.
170 + 350 + 540 + 655 + 775 + 990 = 3480 pip

Open Profit:
Profit for one trade is 1.4820(current price) - 1.3870(open price) = 950 pip
7 trade(s) still open, therefore total profit for open trade(s) is 950 x 7 = 6650 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.3800 to 1.3675). 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 (1.3800)
    • Resistance on 02/27/2017
    • Resistance on 02/24/2017
    • Resistance on 02/21/2017
    • Resistance on 02/15/2017
    • Support on 04/27/2015
    • Support on 04/23/2015
    • Support on 04/22/2015
    • Support on 04/21/2015
    • Support on 04/20/2015
    • Support on 04/13/2015
    • Support on 04/10/2015
    • Support on 03/23/2015
    • Support on 03/17/2015
    • Trough on 09/10/2014
    • Trough on 09/09/2014
    • Trough on 09/08/2014
    • Support on 09/08/2014
    • Trough on 09/05/2014
    • Support on 09/05/2014
    • Support on 09/04/2014
    • Support on 06/17/2013
    • Support on 06/14/2013
    • Support on 06/07/2013
    • Resistance on 06/06/2013
    • Resistance on 11/23/2011
  • Ending of entry zone (1.3675)
    • Support on 02/23/2017
    • Support on 02/22/2017
    • Trough on 04/30/2015
    • Support on 04/29/2015
    • Trough on 04/29/2015
    • Trough on 04/28/2015
    • Support on 04/28/2015
    • Support on 10/07/2011
    • Support on 10/06/2011
    • Support on 09/28/2011
    • Support on 08/26/2011
    • Support on 08/15/2011
    • Support on 08/08/2011
    • Resistance on 08/05/2011
    • Resistance on 06/28/2011
    • Resistance on 06/27/2011
    • Resistance on 06/10/2011
    • Trough on 03/17/2011
    • Trough on 03/16/2011
    • Trough on 03/15/2011
    • Trough on 03/14/2011
    • Trough on 03/11/2011
DateMay 6, 2017 - 16:30
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 1.4440 on 05/02/2017, so more gains to resistance(s) 1.4860, 1.5115, 1.5335 and more heights 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 75.

Take Profits:

  1. 1.4040
  2. 1.4220
  3. 1.4410
  4. 1.4525
  5. 1.4645
  6. 1.4860
  7. 1.5115
  8. 1.5335
  9. 1.5580
  10. 1.5825
  11. 1.6250
  12. 1.6595
Click on the level to view price action history.
Symbol Released Current Forecast
Euro / Australian Dollar (EURAUD) new 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.