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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup

#AUDJPY
Total Profit: 253 pip
Closed trade(s): 181 pip Profit
Open trade(s): 72 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 84.28 based on 'Peak' entry method at 2021.03.19.

Closed Profit:
TP1 @ 84.00 touched at 2021.03.22 with 28 pip Profit.
TP2 @ 82.75 touched at 2021.03.23 with 153 pip Profit.
28 + 153 = 181 pip

Open Profit:
Profit for one trade is 84.28(open price) - 84.19(current price) = 9 pip
8 trade(s) still open, therefore total profit for open trade(s) is 9 x 8 = 72 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.
DateApril 3, 2021 - 23:00
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 84.950, beginning of downtrend is expected.
  • We make sure when the support at 80.900 breaks.
  • If the resistance at 84.950 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 84.935 on 2021-02-25 and the peak at 85.435 on 2021-03-18, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • A trough is formed in daily chart at 82.25 on 03/24/2021, so more gains to resistance(s) 84.55 and maximum to Major Resistance (84.95) 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 58.

Take Profits:

  1. 84.00
  2. 82.75
  3. 81.85
  4. 80.90
  5. 79.60
  6. 78.45
  7. 76.85
  8. 75.50
  9. 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.