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Weekly forecast British Pound / Australian Dollar technical chart
Symbol GBPAUD

Download MT4 template file

Trade Setup
#GBPAUD
Total Profit: 915 pip
Closed trade(s): 141 pip Profit
Open trade(s): 774 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.8059 (day close price) based on 'Hammer' at 2020.11.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/G...

Closed Profit:
TP1 @ 1.8200 touched at 2020.11.10 with 141 pip Profit.

Open Profit:
Profit for one trade is 1.8188(current price) - 1.8059(open price) = 129 pip
6 trade(s) still open, therefore total profit for open trade(s) is 129 x 6 = 774 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.
DateNovember 21, 2020 - 16:06
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.74900, beginning of uptrend is expected.
  • We make sure when the resistance at 1.84500 breaks.
  • If the support at 1.74900 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.7945 on 11/09/2020, so more gains to resistance(s) 1.8200 and maximum to Major Resistance (1.8450) 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 51.

Take Profits:

  1. 1.8200
  2. 1.8450
  3. 1.8900
  4. 1.9275
  5. 1.9535
  6. 2.0535
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / Australian Dollar (GBPAUD) Sun, 14 Apr 2024
British Pound / Australian Dollar (GBPAUD) Sat, 6 Apr 2024
British Pound / Australian Dollar (GBPAUD) Mon, 1 Apr 2024
British Pound / Australian Dollar (GBPAUD) Sat, 30 Mar 2024
British Pound / Australian Dollar (GBPAUD) Mon, 25 Mar 2024
History
Daily-Trading-Opportunities on GBPAUD.