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

#AUDJPY
Total Profit: 1799 pip
Closed trade(s): 1607 pip Profit
Open trade(s): 192 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 @ 82.00 touched at 2021.10.08 with 156 pip Profit.
TP3 @ 84.00 touched at 2021.10.14 with 356 pip Profit.
TP4 @ 84.95 touched at 2021.10.18 with 451 pip Profit.
TP5 @ 86.00 touched at 2021.10.21 with 556 pip Profit.
88 + 156 + 356 + 451 + 556 = 1607 pip

Open Profit:
Profit for one trade is 82.36(current price) - 80.44(open price) = 192 pip
1 trade(s) still open, therefore total profit for open trade(s) is 192 x 1 = 192 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 82.000 is broken, we will close open trades.

DateNovember 20, 2021 - 21:43
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 82.000, resumption of uptrend is expected.
  • We make sure when the resistance at 86.000 breaks.
  • If the support at 82.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 82.000 is broken.

Technical analysis:

  • The RSI support #1 at 48 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 84.15 on 11/16/2021, so more losses minimum to Major Support (82.00) 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 39.

Take Profits:

  1. 81.32
  2. 82.00
  3. 84.00
  4. 84.95
  5. 86.00
Click on the level to view price action history.