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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD
Trade Setup

#GBPAUD
Total Profit: 3976 pip
Closed trade(s): 2617 pip Profit
Open trade(s): 1359 pip Profit

Trade Setup:
We opened 9 BUY trades @ 1.9102 based on 'valley' entry method at 2024-07-11.

Closed Profit:
TP1 @ 1.91793 touched at 2024-07-15 with 77 pip Profit.
TP2 @ 1.93287 touched at 2024-07-17 with 227 pip Profit.
TP3 @ 1.94469 touched at 2024-07-22 with 345 pip Profit.
TP4 @ 1.95665 touched at 2024-07-24 with 465 pip Profit.
TP5 @ 1.97390 touched at 2024-07-25 with 637 pip Profit.
TP6 @ 1.99675 touched at 2024-08-05 with 866 pip Profit.
77 + 227 + 345 + 465 + 637 + 866 = 2617 pip

Open Profit:
Profit for one BUY trade is 1.95551(current price) - 1.9102(open price) = 453 pip
3 trade(s) still open, therefore total profit for open trade(s) is 453 x 3 = 1359 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 1.91247 is broken, we will close open trades.
DateDecember 2, 2024 - 18:51
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.91247, resumption of uptrend is expected.
  • We make sure when the resistance at 1.99675 breaks.
  • If the support at 1.91247 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.91247 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.92280 on 11/25/2024, so more gains to resistance(s) 1.95665, 1.97390 and maximum to Major Resistance (1.99675) 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 54.

Take Profits:

  1. 1.91793
  2. 1.93286
  3. 1.94452
  4. 1.95665
  5. 1.97390
  6. 1.99675
  7. 2.03333
  8. 2.07500
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Australian Dollar (GBPAUD) Sun, 12 Jan 2025
British Pound / Australian Dollar (GBPAUD) Sun, 5 Jan 2025
British Pound / Australian Dollar (GBPAUD) Sun, 29 Dec 2024
British Pound / Australian Dollar (GBPAUD) free Tue, 24 Dec 2024
British Pound / Australian Dollar (GBPAUD) Sun, 15 Dec 2024
History
Daily-Trading-Opportunities on GBPAUD.