website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD
Trade Setup

#GBPAUD
Total Profit: 12325 pip
Closed trade(s): 8641 pip Profit
Open trade(s): 3684 pip Profit

Trade Setup:
We opened 12 BUY trades @ 1.70933 based on 'valley' entry method at 2022-09-29.

Closed Profit:
TP1 @ 1.71855 touched at 2022-09-30 with 93 pip Profit.
TP2 @ 1.72944 touched at 2022-09-30 with 201 pip Profit.
TP3 @ 1.74305 touched at 2022-09-30 with 338 pip Profit.
TP4 @ 1.76387 touched at 2022-10-04 with 546 pip Profit.
TP5 @ 1.77888 touched at 2022-10-13 with 696 pip Profit.
TP6 @ 1.79830 touched at 2022-10-13 with 890 pip Profit.
TP7 @ 1.81515 touched at 2022-10-17 with 1059 pip Profit.
TP8 @ 1.83859 touched at 2023-03-23 with 1293 pip Profit.
TP9 @ 1.87528 touched at 2023-04-26 with 1660 pip Profit.
TP10 @ 1.89575 touched at 2023-04-28 with 1865 pip Profit.
93 + 201 + 338 + 546 + 696 + 890 + 1059 + 1293 + 1660 + 1865 = 8641 pip

Open Profit:
Profit for one BUY trade is 1.89345(current price) - 1.70933(open price) = 1842 pip
2 trade(s) still open, therefore total profit for open trade(s) is 1842 x 2 = 3684 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.82411 is broken, we will close open trades.

DateMay 28, 2023 - 20:50
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 1.82411, continuation of uptrend is expected.
  • We make sure when the resistance at 1.92000 breaks.
  • If the support at 1.82411 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.82411 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.86390 on 05/19/2023, so more gains to resistance(s) 1.89575, 1.90353 and maximum to Major Resistance (1.92000) is expected.
  • 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. 1.71855
  2. 1.72944
  3. 1.74306
  4. 1.76065
  5. 1.77800
  6. 1.79830
  7. 1.81431
  8. 1.83859
  9. 1.87528
  10. 1.89575
  11. 1.90353
Click on the level to view price action history.