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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

Download MT4 template file

Trade Setup

#GBPAUD
Total Profit: 2200 pip
Closed trade(s): 175 pip Profit
Open trade(s): 2025 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 1.8170 (day close price) based on 'Peak' at 2018.04.27 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.7995 touched at 2018.05.04 with 175 pip Profit.

Open Profit:
Profit for one trade is 1.8170(open price) - 1.7945(current price) = 225 pip
9 trade(s) still open, therefore total profit for open trade(s) is 225 x 9 = 2025 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.
DateMay 13, 2018 - 13:42
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.86600 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of downtrend is increased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.8240 on 05/09/2018, so more losses to support(s) 1.7650, 1.7365, 1.7065 and more depths 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 40.

Take Profits:

  1. 1.7995
  2. 1.7650
  3. 1.7365
  4. 1.7065
  5. 1.6860
  6. 1.6550
  7. 1.6160
  8. 1.5790
  9. 1.4375
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.