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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

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Trade Setup

#GBPAUD
Total Profit: -10256 pip
Closed trade(s): 0 pip Profit
Open trade(s): -10256 pip Profit
_______________________________________________
Trade Setup:
We opened 16 BUY trade(s) @ 1.7087 based on 'Valley' entry method at 2016.12.16.

Open Profit:
Profit for one trade is 1.6446(current price) - 1.7087(open price) = -641 pip
16 trade(s) still open, therefore total profit for open trade(s) is -641 x 16 = -10256 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.6240 to 1.5760). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.6240)
    • Support on 03/31/2017
    • Support on 03/23/2017
    • Resistance on 03/21/2017
    • Resistance on 03/09/2017
    • Resistance on 03/06/2017
    • Resistance on 03/03/2017
    • Support on 02/24/2017
    • Support on 02/14/2017
    • Support on 02/10/2017
    • Support on 02/07/2017
    • Support on 02/06/2017
    • Support on 02/03/2017
    • Support on 01/19/2017
    • Support on 01/18/2017
    • Support on 01/13/2017
    • Support on 01/12/2017
    • Support on 11/10/2016
    • Resistance on 11/07/2016
    • Resistance on 11/03/2016
    • Support on 10/10/2016
    • Support on 10/07/2016
    • Support on 07/11/2013
    • Support on 07/05/2013
    • Support on 06/14/2013
    • Support on 06/13/2013
    • Support on 06/07/2013
    • Resistance on 10/05/2011
    • Resistance on 10/04/2011
    • Resistance on 08/09/2011
    • Resistance on 03/23/2011
    • Support on 03/18/2011
    • Support on 03/16/2011
    • Resistance on 02/23/2011
    • Resistance on 12/01/2010
    • Resistance on 11/30/2010
    • Resistance on 11/29/2010
    • Resistance on 11/26/2010
    • Resistance on 11/24/2010
    • Resistance on 11/23/2010
    • Resistance on 11/19/2010
    • Resistance on 11/18/2010
    • Resistance on 11/03/2010
    • Resistance on 11/02/2010
    • Resistance on 10/27/2010
    • Resistance on 10/19/2010
    • Resistance on 10/15/2010
    • Resistance on 10/12/2010
    • Support on 10/06/2010
    • Support on 10/04/2010
    • Support on 10/01/2010
    • Support on 09/30/2010
    • Support on 09/29/2010
    • Support on 05/14/2010
    • Support on 05/13/2010
    • Trough on 03/11/2010
    • Trough on 03/10/2010
    • Support on 03/10/2010
  • Ending of entry zone (1.5760)
    • Support on 10/26/2016
    • Support on 10/07/2016
    • Support on 05/31/2013
    • Resistance on 05/30/2013
    • Resistance on 05/29/2013
    • Resistance on 10/03/2012
    • Support on 06/05/2012
    • Resistance on 05/03/2012
    • Resistance on 11/28/2011
    • Support on 11/21/2011
    • Resistance on 11/18/2011
    • Resistance on 11/17/2011
    • Resistance on 11/10/2011
    • Resistance on 10/12/2011
    • Support on 10/07/2011
    • Support on 10/06/2011
    • Support on 09/28/2011
    • Resistance on 09/22/2011
    • Resistance on 08/24/2011
    • Resistance on 08/17/2011
    • Resistance on 08/16/2011
    • Resistance on 08/15/2011
    • Support on 08/08/2011
    • Resistance on 08/05/2011
    • Support on 03/24/2011
    • Support on 02/25/2011
    • Support on 02/08/2011
    • Support on 02/04/2011
    • Support on 01/13/2011
    • Support on 12/14/2010
    • Trough on 10/26/2010
    • Trough on 10/25/2010
    • Support on 10/25/2010

DateApril 1, 2017 - 22:20
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 1.6175 on 03/29/2017, so more gains to resistance(s) 1.6795, 1.7205, 1.7455 and more heights 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 58.

Take Profits:

  1. 1.7205
  2. 1.7455
  3. 1.7730
  4. 1.7860
  5. 1.8135
  6. 1.8300
  7. 1.8660
  8. 1.9030
  9. 1.9440
  10. 1.9730
  11. 2.0000
  12. 2.0535
  13. 2.0870
  14. 2.1470
  15. 2.2400
Click on the level to view price action history.