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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup

#EURAUD
Total Profit: 1008 pip
Closed trade(s): 0 pip Profit
Open trade(s): 1008 pip Profit
_______________________________________________
Trade Setup:
We opened 12 SELL trade(s) @ 1.5204 (day close price) based on 'Two-day reversal candle (Shooting Star)' at 2017.10.26 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.5204(open price) - 1.5120(current price) = 84 pip
12 trade(s) still open, therefore total profit for open trade(s) is 84 x 12 = 1008 pip
_______________________________________________

Trading suggestion:

Price is in the Trend Hunter Sell Zone (1.5115 to 1.5240).

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

  • Beginning of entry zone (1.5115)
    • Support on 10/27/2017
    • Support on 10/25/2017
    • Support on 10/12/2017
    • Resistance on 10/06/2017
    • Resistance on 09/22/2017
    • Resistance on 08/29/2017
    • Support on 06/01/2017
    • Resistance on 05/26/2017
    • Resistance on 09/15/2016
    • Resistance on 06/24/2016
    • Support on 06/15/2016
    • Resistance on 05/02/2016
    • Resistance on 04/06/2016
    • Resistance on 04/05/2016
    • Support on 03/01/2016
    • Resistance on 01/04/2016
  • Ending of entry zone (1.5240)
    • Resistance on 10/27/2017
    • Resistance on 10/12/2017
    • Resistance on 10/11/2017
    • Peak on 10/11/2017
    • Peak on 03/24/2014

DateOctober 29, 2017 - 14:27
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 1.5390 on 10/26/2017, so more losses to support(s) 1.5115, 1.4980, 1.4860 and more depths 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 53.

Take Profits:

  1. 1.4980
  2. 1.4860
  3. 1.4725
  4. 1.4525
  5. 1.4300
  6. 1.4040
  7. 1.3675
  8. 1.3160
  9. 1.2820
  10. 1.2225
  11. 1.1600
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