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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

Download MT4 template file

Trade Setup

#EURAUD
Total Profit: 119 pip
Closed trade(s): 119 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 12 SELL trade(s) @ 1.5627 (day close price) based on 'D2 Reversal Candle(ShootingStar) & Close Below 1.5700' at 2018.08.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.5605 touched at 2018.08.07 with 22 pip Profit.
TP2 @ 1.5530 touched at 2018.11.15 with 97 pip Profit.
22 + 97 = 119 pip

10 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.5840 to 1.5940). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.5840)
    • Resistance on 01/24/2014
    • Support on 08/25/2015
    • Support on 08/26/2015
    • Resistance on 08/28/2015
    • Resistance on 08/31/2015
    • Support on 09/03/2015
    • Support on 09/04/2015
    • Support on 09/09/2015
    • Support on 09/10/2015
    • Support on 09/14/2015
    • Resistance on 09/16/2015
    • Support on 10/01/2015
    • Support on 10/02/2015
    • Resistance on 10/14/2015
    • Resistance on 01/11/2016
    • Resistance on 01/14/2016
    • Resistance on 01/20/2016
    • Resistance on 01/21/2016
    • Resistance on 02/08/2016
    • Resistance on 02/15/2016
    • Support on 04/13/2018
    • Support on 04/16/2018
    • Support on 04/19/2018
    • Support on 05/04/2018
    • Support on 05/07/2018
    • Support on 05/08/2018
    • Resistance on 05/16/2018
    • Resistance on 07/05/2018
    • Resistance on 07/06/2018
    • Resistance on 07/18/2018
    • Resistance on 07/19/2018
    • Resistance on 07/20/2018
    • Resistance on 07/23/2018
    • Resistance on 07/24/2018
    • Support on 08/24/2018
    • Support on 08/27/2018
    • Resistance on 11/06/2018
  • Ending of entry zone (1.5940)
    • Resistance on 03/07/2018
    • Resistance on 03/08/2018
    • Resistance on 03/16/2018
    • Resistance on 03/21/2018
    • Support on 04/03/2018
    • Support on 04/09/2018
    • Resistance on 04/18/2018
    • Support on 05/02/2018
    • Resistance on 05/08/2018
    • Resistance on 05/09/2018
    • Resistance on 08/23/2018
    • Resistance on 08/24/2018
    • Resistance on 08/28/2018
DateNovember 19, 2018 - 12:07
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.60350, beginning of downtrend is expected.
  • We make sure when the support at 1.52750 breaks.
  • If the resistance at 1.60350 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 47 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.5520 on 11/15/2018, so more gains to resistance(s) 1.5715, 1.5840, 1.5940 and maximum to Major Resistance (1.6035) 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 35.

Take Profits:

  1. 1.5715
  2. 1.5605
  3. 1.5530
  4. 1.5425
  5. 1.5275
  6. 1.5075
  7. 1.4910
  8. 1.4605
  9. 1.4445
  10. 1.4040
  11. 1.3675
  12. 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.