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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY
Trade Setup

#AUDJPY
Total Profit: 1879 pip
Closed trade(s): 601 pip Profit
Open trade(s): 1278 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 80.44 (day close price) based on 'Valley' at 2021.09.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 81.32 touched at 2021.10.05 with 88 pip Profit.
TP2 @ 82.01 touched at 2021.10.08 with 157 pip Profit.
TP3 @ 84.00 touched at 2021.10.14 with 356 pip Profit.
88 + 157 + 356 = 601 pip

Open Profit:
Profit for one trade is 84.70(current price) - 80.44(open price) = 426 pip
3 trade(s) still open, therefore total profit for open trade(s) is 426 x 3 = 1278 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.
  • If the Midterm level 82.010 is broken, we will close open trades.

DateOctober 16, 2021 - 13:53
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 82.010, resumption of uptrend is expected.
  • We make sure when the resistance at 85.750 breaks.
  • If the support at 82.010 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 82.010 is broken.

Technical analysis:

  • A trough is formed in daily chart at 79.89 on 10/01/2021, so more gains to resistance(s) 84.95 and maximum to Major Resistance (85.75) 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 79.

Take Profits:

  1. 81.32
  2. 82.01
  3. 84.00
  4. 84.95
  5. 85.75
Click on the level to view price action history.