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

Download MT4 template file

Trade Setup

#GBPAUD
Total Profit: 8139 pip
Closed trade(s): 3831 pip Profit
Open trade(s): 4308 pip Profit

Trade Setup:
We opened 13 SELL trade(s) @ 1.8333 (day close price) based on 'Peak & Close below 1.8370' at 2018.10.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.8215 touched at 2018.10.24 with 118 pip Profit.
TP2 @ 1.8110 touched at 2018.10.25 with 223 pip Profit.
TP3 @ 1.7940 touched at 2018.10.30 with 393 pip Profit.
TP4 @ 1.7800 touched at 2018.11.15 with 533 pip Profit.
TP5 @ 1.7650 touched at 2018.11.15 with 683 pip Profit.
TP6 @ 1.7500 touched at 2018.11.16 with 833 pip Profit.
TP7 @ 1.7285 touched at 2018.12.03 with 1048 pip Profit.
118 + 223 + 393 + 533 + 683 + 833 + 1048 = 3831 pip

Open Profit:
Profit for one trade is 1.8333(open price) - 1.7615(current price) = 718 pip
6 trade(s) still open, therefore total profit for open trade(s) is 718 x 6 = 4308 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.
  • If the Midterm level 1.78000 is broken, we will close open trades.
DateDecember 10, 2018 - 09:21
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.78000 would begin in Midterm.
  • We will close our open trades, if the Midterm level 1.78000 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.7474 on 2018-11-16 and the trough at 1.72075 on 2018-12-03, and the probability of beginning of downtrend is decreased.
  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.7210 on 12/03/2018, so more gains to resistance(s) 1.7650 and maximum to Major Resistance (1.7800) 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 46.

Take Profits:

  1. 1.8215
  2. 1.8110
  3. 1.7940
  4. 1.7800
  5. 1.7650
  6. 1.7500
  7. 1.7285
  8. 1.7065
  9. 1.6860
  10. 1.6550
  11. 1.6160
  12. 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.