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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup

#AUDJPY
Total Profit: -1521 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1521 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 83.47 (day close price) based on 'Shooting star Peak' at 2021.04.20 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 83.47(open price) - 85.16(current price) = -169 pip
9 trade(s) still open, therefore total profit for open trade(s) is -169 x 9 = -1521 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.
DateMay 8, 2021 - 17:41
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 85.450, beginning of downtrend is expected.
  • We make sure when the support at 80.900 breaks.
  • If the resistance at 85.450 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 59 is broken, so the probability of beginning of downtrend is decreased.
  • A trough is formed in daily chart at 83.92 on 05/04/2021, so more gains maximum to Major Resistance (85.45) 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 63.

Take Profits:

  1. 82.75
  2. 81.85
  3. 80.90
  4. 79.60
  5. 78.45
  6. 76.85
  7. 75.50
  8. 73.10
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / Japanese Yen (AUDJPY) Sun, 14 Apr 2024
Australian Dollar / Japanese Yen (AUDJPY) Sun, 7 Apr 2024
Australian Dollar / Japanese Yen (AUDJPY) Sat, 30 Mar 2024
Australian Dollar / Japanese Yen (AUDJPY) Sun, 24 Mar 2024
Australian Dollar / Japanese Yen (AUDJPY) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on AUDJPY.