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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup

#EURAUD
Total Profit: -2353 pip
Closed trade(s): 0 pip Profit
Open trade(s): -2353 pip Profit

Trade Setup:
We opened 13 SELL trade(s) @ 1.5675 (day close price) based on 'Peak' at 2018.03.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.5675(open price) - 1.5856(current price) = -181 pip
13 trade(s) still open, therefore total profit for open trade(s) is -181 x 13 = -2353 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.

DateMay 5, 2018 - 18:51
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.62500, beginning of downtrend is expected.
  • We make sure when the support at 1.57700 breaks.
  • If the resistance at 1.62500 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.6140 on 04/25/2018, so more losses to support(s) 1.5770, 1.5605, 1.5525 and more depths 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 41.

Take Profits:

  1. 1.5605
  2. 1.5525
  3. 1.5420
  4. 1.5210
  5. 1.5075
  6. 1.4910
  7. 1.4605
  8. 1.4445
  9. 1.4040
  10. 1.3675
  11. 1.2225
  12. 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