website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

Download MT4 template file

Trade Setup

#EURAUD
Total Profit: -5430 pip
Closed trade(s): 26 pip Profit
Open trade(s): -5456 pip Profit

Trade Setup:
We opened 12 SELL trade(s) @ 1.5631 based on 'D2 Reversal Candle(ShootingStar) & Close Below 1.5700' at 2018.08.06 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.5605 touched at 2018.08.07 with 26 pip Profit.

Open Profit:
Profit for one trade is 1.5631(open price) - 1.6127(current price) = -496 pip
11 trade(s) still open, therefore total profit for open trade(s) is -496 x 11 = -5456 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.
DateSeptember 1, 2018 - 21:26
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.62500, resumption of downtrend is expected.
  • We make sure when the support at 1.52750 breaks.
  • If the resistance at 1.62500 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.5580 on 08/07/2018, so more gains to resistance(s) 1.6190 and maximum to Major Resistance (1.6250) 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 76.

Take Profits:

  1. 1.5605
  2. 1.5530
  3. 1.5425
  4. 1.5275
  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, 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.