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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

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Trade Setup

#AUDJPY
Total Profit: 4684 pip
Closed trade(s): 2760 pip Profit
Open trade(s): 1924 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 87.35 (day close price) based on 'Two-day reversal candle' at 2015.12.17 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDJPY...

Closed Profit:
TP1 @ 86.00 touched at 2016.01.04 with 135 pip Profit.
TP2 @ 84.70 touched at 2016.01.06 with 265 pip Profit.
TP3 @ 83.05 touched at 2016.01.07 with 430 pip Profit.
TP4 @ 82.05 touched at 2016.01.07 with 530 pip Profit.
TP5 @ 81.25 touched at 2016.01.11 with 610 pip Profit.
TP6 @ 79.45 touched at 2016.01.20 with 790 pip Profit.
135 + 265 + 430 + 530 + 610 + 790 = 2760 pip

Open Profit:
Profit for one trade is 87.35(open price) - 82.54(current price) = 481 pip
4 trade(s) still open, therefore total profit for open trade(s) is 481 x 4 = 1924 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (88.55 to 90.45). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (88.55)
    • Peak on 12/21/2015
    • Peak on 12/18/2015
    • Resistance on 12/17/2015
    • Peak on 12/17/2015
    • Resistance on 12/16/2015
    • Resistance on 12/11/2015
    • Resistance on 12/10/2015
    • Support on 12/08/2015
    • Support on 11/26/2015
    • Resistance on 11/19/2015
    • Resistance on 10/12/2015
    • Support on 01/27/2014
    • Support on 01/24/2014
    • Resistance on 08/21/2013
    • Support on 08/16/2013
    • Support on 08/13/2013
    • Resistance on 08/09/2013
    • Support on 07/30/2013
    • Support on 12/27/2012
    • Resistance on 12/21/2012
    • Resistance on 12/20/2012
    • Peak on 12/20/2012
    • Resistance on 12/17/2012
    • Resistance on 12/14/2012
    • Resistance on 03/20/2012
    • Resistance on 03/19/2012
    • Resistance on 03/16/2012
    • Resistance on 04/25/2011
    • Resistance on 04/21/2011
    • Resistance on 04/20/2011
    • Resistance on 04/13/2011
  • Ending of entry zone (90.45)
    • Resistance on 12/07/2015
    • Resistance on 12/04/2015
    • Resistance on 12/03/2015
    • Resistance on 12/02/2015
    • Support on 08/20/2015
    • Support on 08/12/2015
    • Support on 07/31/2015
    • Support on 07/13/2015
    • Resistance on 07/09/2015
    • Support on 07/07/2015
    • Trough on 04/16/2015
    • Support on 04/15/2015
    • Trough on 04/15/2015
    • Support on 04/14/2015
    • Trough on 04/14/2015
    • Support on 04/07/2015
    • Support on 04/02/2015
    • Support on 02/03/2015
    • Support on 03/04/2014
    • Resistance on 01/31/2014
    • Resistance on 01/30/2014
    • Resistance on 01/29/2014
    • Resistance on 01/28/2014

DateFebruary 6, 2016 - 16:01
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 86.35 on 02/02/2016, so more losses to support(s) 82.05, 81.25, 79.45 and more depths 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 43.

Take Profits:

  1. 86.00
  2. 84.70
  3. 83.05
  4. 82.05
  5. 81.25
  6. 79.45
  7. 76.95
  8. 74.75
  9. 72.10
Click on the level to view price action history.