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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. Australian Dollar technical chart
Symbol EURAUD

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Trade Setup
#EURAUD
Total Profit: 2576 pip
Closed trade(s): 389 pip Profit
Open trade(s): 2187 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.
TP4 @ 1.5985 touched at 2019.07.16 with 181 pip Profit.
16 + 71 + 121 + 181 = 389 pip

Open Profit:
Profit for one trade is 1.6166(open price) - 1.5923(current price) = 243 pip
9 trade(s) still open, therefore total profit for open trade(s) is 243 x 9 = 2187 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.

DateSat, 07/20/2019 - 15:31
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 1.6230, beginning of downtrend is expected.
  • We make sure when the support at 1.5680 breaks.
  • If the resistance at 1.6230 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.
  • A peak is formed in daily chart at 1.6230 on 07/10/2019, so more losses to support(s) 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 33.

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 vs. Australian Dollar (EURAUD) Sat, 17 Aug 2019
Euro vs. Australian Dollar (EURAUD) Sat, 10 Aug 2019
Euro vs. Australian Dollar (EURAUD) Sat, 3 Aug 2019
Euro vs. Australian Dollar (EURAUD) free Sat, 27 Jul 2019
Euro vs. Australian Dollar (EURAUD) Sat, 20 Jul 2019