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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup

#EURAUD
Total Profit: 2975 pip
Closed trade(s): 475 pip Profit
Open trade(s): 2500 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...

Closed Profit:
TP1 @ 1.5605 touched at 2018.05.21 with 70 pip Profit.
TP2 @ 1.5525 touched at 2018.05.22 with 150 pip Profit.
TP3 @ 1.5420 touched at 2018.05.25 with 255 pip Profit.
70 + 150 + 255 = 475 pip

Open Profit:
Profit for one trade is 1.5675(open price) - 1.5425(current price) = 250 pip
10 trade(s) still open, therefore total profit for open trade(s) is 250 x 10 = 2500 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 26, 2018 - 21:29
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.57700 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI support #1 at 48 is broken, so the probability of continuation of downtrend is increased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.6140 on 04/25/2018, so more losses to support(s) 1.5420, 1.5210, 1.5075 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 20.

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