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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup

#EURAUD
Total Profit: -7707 pip
Closed trade(s): 26 pip Profit
Open trade(s): -7733 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) - 1.6334(current price) = -703 pip
11 trade(s) still open, therefore total profit for open trade(s) is -703 x 11 = -7733 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.
DateOctober 7, 2018 - 12:56
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.63550, beginning of downtrend is expected.
  • We make sure when the support at 1.59850 breaks.
  • If the resistance at 1.63550 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 64.

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. 1.1600
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.