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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup

#EURAUD
Total Profit: -4512 pip
Closed trade(s): 0 pip Profit
Open trade(s): -4512 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) - 1.5579(current price) = -376 pip
12 trade(s) still open, therefore total profit for open trade(s) is -376 x 12 = -4512 pip
_______________________________________________

Trading suggestion:

Price is in the Trend Hunter Sell Zone (1.5240 to 1.5390).

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

  • Beginning of entry zone (1.5240)
    • Resistance on 11/10/2017
    • Resistance on 10/31/2017
    • Resistance on 10/27/2017
    • Resistance on 10/12/2017
    • Peak on 10/11/2017
    • Resistance on 10/11/2017
    • Peak on 03/24/2014
  • Ending of entry zone (1.5390)
    • Peak on 10/26/2017
    • Resistance on 10/26/2017
    • Support on 06/06/2016
    • Support on 06/03/2016
    • Support on 06/02/2016
    • Support on 05/17/2016
    • Support on 05/11/2016
    • Resistance on 05/03/2016
    • Resistance on 02/29/2016
    • Support on 01/28/2016
    • Support on 01/27/2016
    • Support on 01/25/2016
    • Support on 01/22/2016
    • Support on 01/13/2016
    • Support on 01/08/2016
    • Support on 11/02/2015
    • Support on 10/30/2015
    • Support on 10/22/2015
    • Support on 10/12/2015
DateNovember 18, 2017 - 15:36
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 trough is formed in daily chart at 1.5080 on 11/07/2017, so more gains maximum to Trend Hunter Sell Zone (1.5240 to 1.5390) 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 70.

Take Profits:

  1. 1.5075
  2. 1.4980
  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) 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.