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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

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Trade Setup
#GBPAUD
Total Profit: 2837 pip
Closed trade(s): 497 pip Profit
Open trade(s): 2340 pip Profit

Trade Setup:
We opened 13 SELL trade(s) @ 1.8254 based on 'Peak & Close below 1.8370' at 2019.01.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.8215 touched at 2019.01.30 with 39 pip Profit.
TP2 @ 1.8110 touched at 2019.01.30 with 144 pip Profit.
TP3 @ 1.7940 touched at 2019.02.01 with 314 pip Profit.
39 + 144 + 314 = 497 pip

Open Profit:
Profit for one trade is 1.8254(open price) - 1.8019(current price) = 234 pip
10 trade(s) still open, therefore total profit for open trade(s) is 234 x 10 = 2340 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.
DateFebruary 2, 2019 - 17:13
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 beginning of downtrend.

Technical analysis:

  • The RSI bounced from the resistance #1 at 70 and it prevented price from more gains.
  • A peak is formed in daily chart at 1.8520 on 01/25/2019, so more losses to support(s) 1.7940, 1.7800, 1.7650 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 50.

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.