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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup

#EURAUD
Total Profit: 1116 pip
Closed trade(s): 117 pip Profit
Open trade(s): 999 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 1.6002 (day close price) based on 'Two-day reversal candle(Shooting Star)' at 2019.01.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.5885 touched at 2019.01.11 with 117 pip Profit.

Open Profit:
Profit for one trade is 1.6002(open price) - 1.5891(current price) = 111 pip
9 trade(s) still open, therefore total profit for open trade(s) is 111 x 9 = 999 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.

DateJanuary 12, 2019 - 21:36
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.67600, beginning of downtrend is expected.
  • We make sure when the support at 1.58850 breaks.
  • If the resistance at 1.67600 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 50 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses minimum to Major Support (1.5885) 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 45.

Take Profits:

  1. 1.5885
  2. 1.5670
  3. 1.5530
  4. 1.5345
  5. 1.5075
  6. 1.4910
  7. 1.4670
  8. 1.4040
  9. 1.3675
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Australian Dollar (EURAUD) new 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
Euro / Australian Dollar (EURAUD) Sun, 25 Feb 2024