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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup

#EURAUD
Total Profit: -2148 pip
Closed trade(s): 0 pip Profit
Open trade(s): -2148 pip Profit
_______________________________________________
Trade Setup:
We opened 12 SELL trade(s) @ 1.5206 (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 1.5206(open price) - 1.5385(current price) = -179 pip
12 trade(s) still open, therefore total profit for open trade(s) is -179 x 12 = -2148 pip
_______________________________________________

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateDecember 31, 2017 - 19:53
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 a downtrend wave below 1.55250 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 1.5280 on 12/27/2017, so more gains maximum to Trend Hunter Sell Zone (1.5240 to 1.5390) 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 47.

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) 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