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Weekly forecast Euro / Australian Dollar technical chart
Symbol EURAUD

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Trade Setup
#EURAUD
Total Profit: 1408 pip
Closed trade(s): 208 pip Profit
Open trade(s): 1200 pip Profit

Trade Setup:
We opened 13 SELL trade(s) @ 1.6166 (day close price) based on 'Shooting Satr' at 2019.07.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.6150 touched at 2019.07.11 with 16 pip Profit.
TP2 @ 1.6095 touched at 2019.07.12 with 71 pip Profit.
TP3 @ 1.6045 touched at 2019.07.12 with 121 pip Profit.
16 + 71 + 121 = 208 pip

Open Profit:
Profit for one trade is 1.6166(open price) - 1.6046(current price) = 120 pip
10 trade(s) still open, therefore total profit for open trade(s) is 120 x 10 = 1200 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.
DateJuly 13, 2019 - 21:43
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.64750, beginning of downtrend is expected.
  • We make sure when the support at 1.56800 breaks.
  • If the resistance at 1.64750 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 51 and it prevented price from more losses.
  • A peak is formed in daily chart at 1.6230 on 07/10/2019, so more losses to support(s) 1.6045, 1.5985, 1.5885 and minimum to Major Support (1.5680) 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 39.

Take Profits:

  1. 1.6150
  2. 1.6095
  3. 1.6045
  4. 1.5985
  5. 1.5885
  6. 1.5680
  7. 1.5345
  8. 1.5075
  9. 1.4910
  10. 1.4670
  11. 1.4040
  12. 1.3675
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.