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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup
#AUDJPY
Total Profit: -1017 pip
Closed trade(s): 55 pip Profit
Open trade(s): -1072 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 75.60 based on 'Hammer & Valley' at 2019.06.04 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 76.15 touched at 2019.07.01 with 55 pip Profit.

Open Profit:
Profit for one trade is 74.26(current price) - 75.60(open price) = -134 pip
8 trade(s) still open, therefore total profit for open trade(s) is -134 x 8 = -1072 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateDecember 7, 2019 - 17:24
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 69.950, beginning of uptrend is expected.
  • We make sure when the resistance at 76.150 breaks.
  • If the support at 69.950 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 73.35 on 11/14/2019, so more gains to resistance(s) 74.55, 75.10 and maximum to Major Resistance (76.15) 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 52.

Take Profits:

  1. 76.15
  2. 76.80
  3. 77.55
  4. 78.70
  5. 80.70
  6. 82.75
  7. 85.85
  8. 90.30
Click on the level to view price action history.