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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

Download MT4 template file

Trade Setup

#GBPAUD
Total Profit: 10396 pip
Closed trade(s): 1720 pip Profit
Open trade(s): 8676 pip Profit
_______________________________________________
Trade Setup:
We opened 16 BUY trade(s) @ 1.6380 (day close price) based on 'Valley' at 2017.09.08 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.6550 touched at 2017.09.12 with 170 pip Profit.
TP2 @ 1.6710 touched at 2017.09.14 with 330 pip Profit.
TP3 @ 1.6860 touched at 2017.09.15 with 480 pip Profit.
TP4 @ 1.7120 touched at 2017.09.21 with 740 pip Profit.
170 + 330 + 480 + 740 = 1720 pip

Open Profit:
Profit for one trade is 1.7103(current price) - 1.6380(open price) = 723 pip
12 trade(s) still open, therefore total profit for open trade(s) is 723 x 12 = 8676 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.6270 to 1.6160). 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 (1.6270)
    • Support on 09/08/2017
    • Support on 09/07/2017
    • Support on 09/06/2017
    • Resistance on 09/01/2017
    • Support on 08/31/2017
    • Resistance on 08/29/2017
    • Support on 07/21/2017
    • Support on 07/20/2017
    • Support on 03/31/2017
    • Support on 03/28/2017
    • Resistance on 03/22/2017
    • Resistance on 03/03/2017
    • Resistance on 02/24/2017
    • Resistance on 02/23/2017
    • Resistance on 02/22/2017
    • Resistance on 02/21/2017
    • Resistance on 02/20/2017
    • Resistance on 02/17/2017
    • Resistance on 02/16/2017
    • Resistance on 02/15/2017
    • Resistance on 11/09/2016
    • Resistance on 11/07/2016
    • Resistance on 11/03/2016
    • Resistance on 10/12/2016
    • Resistance on 10/11/2016
    • Support on 10/07/2016
    • Support on 07/11/2013
    • Support on 07/05/2013
    • Support on 06/17/2013
    • Support on 06/14/2013
    • Support on 06/13/2013
    • Resistance on 06/06/2013
    • Resistance on 10/04/2011
    • Resistance on 08/09/2011
    • Support on 03/20/2011
    • Support on 03/18/2011
    • Support on 03/17/2011
    • Resistance on 03/15/2011
    • Resistance on 02/23/2011
    • Resistance on 12/01/2010
    • Resistance on 11/26/2010
    • Resistance on 11/23/2010
    • Resistance on 11/19/2010
    • Resistance on 11/17/2010
    • Support on 11/15/2010
    • Resistance on 11/02/2010
    • Support on 10/31/2010
    • Support on 10/29/2010
    • Resistance on 10/27/2010
    • Resistance on 10/12/2010
    • Resistance on 10/08/2010
    • Resistance on 10/07/2010
    • Resistance on 10/03/2010
    • Resistance on 10/01/2010
    • Support on 09/29/2010
    • Support on 05/14/2010
    • Support on 05/13/2010
    • Support on 05/07/2010
    • Trough on 03/26/2010
    • Trough on 03/25/2010
    • Support on 03/25/2010
    • Support on 03/10/2010
  • Ending of entry zone (1.6160)
    • Support on 09/08/2017
    • Support on 08/30/2017
    • Support on 08/25/2017
    • Trough on 08/25/2017
    • Support on 08/24/2017
    • Support on 08/22/2017
    • Support on 03/29/2017
    • Resistance on 03/15/2017
    • Resistance on 03/14/2017
    • Resistance on 03/13/2017
    • Resistance on 03/08/2017
    • Support on 03/03/2017
    • Support on 02/28/2017
    • Support on 02/27/2017
    • Support on 02/20/2017
    • Support on 02/17/2017
    • Resistance on 01/16/2017
    • Support on 11/10/2016
    • Resistance on 11/08/2016
    • Support on 10/07/2016
    • Support on 07/10/2013
    • Support on 07/09/2013
    • Resistance on 06/05/2013
    • Resistance on 05/23/2012
    • Resistance on 05/16/2012
    • Resistance on 05/15/2012
    • Peak on 12/14/2010
    • Peak on 12/13/2010
    • Peak on 12/10/2010
    • Peak on 12/09/2010
    • Peak on 12/08/2010
DateOctober 29, 2017 - 10:33
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 1.6685 on 10/20/2017, so more gains to resistance(s) 1.7120, 1.7455, 1.7650 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 60.

Take Profits:

  1. 1.6550
  2. 1.6710
  3. 1.6860
  4. 1.7120
  5. 1.7455
  6. 1.7650
  7. 1.7860
  8. 1.8135
  9. 1.8300
  10. 1.8660
  11. 1.9440
  12. 2.0000
  13. 2.0535
  14. 2.1470
  15. 2.2400
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Australian Dollar (GBPAUD) Sun, 14 Apr 2024
British Pound / Australian Dollar (GBPAUD) Sat, 6 Apr 2024
British Pound / Australian Dollar (GBPAUD) Mon, 1 Apr 2024
British Pound / Australian Dollar (GBPAUD) Sat, 30 Mar 2024
British Pound / Australian Dollar (GBPAUD) Mon, 25 Mar 2024
History
Daily-Trading-Opportunities on GBPAUD.