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Weekly forecast Australian Dollar / Japanese Yen technical chart
Symbol AUDJPY

Download MT4 template file

Trade Setup

#AUDJPY
Total Profit: 2677 pip
Closed trade(s): 541 pip Profit
Open trade(s): 2136 pip Profit
_______________________________________________
Trade Setup:
We opened 14 BUY trade(s) @ 77.42 (day close price) based on 'Valley' at 2016.07.11 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDJPY...

Closed Profit:
TP1 @ 79.60 touched at 2016.07.12 with 218 pip Profit.
TP2 @ 80.65 touched at 2016.07.14 with 323 pip Profit.
218 + 323 = 541 pip

Open Profit:
Profit for one trade is 79.20(current price) - 77.42(open price) = 178 pip
12 trade(s) still open, therefore total profit for open trade(s) is 178 x 12 = 2136 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (74.75 to 71.90). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (74.75)
    • Support on 07/06/2016
    • Support on 06/24/2016
    • Support on 06/01/2012
    • Trough on 11/30/2011
    • Trough on 11/29/2011
    • Trough on 11/28/2011
    • Trough on 11/25/2011
    • Support on 11/25/2011
    • Trough on 11/24/2011
    • Support on 11/24/2011
    • Support on 11/23/2011
    • Support on 10/10/2011
    • Resistance on 10/03/2011
    • Support on 09/29/2011
    • Support on 09/28/2011
    • Support on 09/27/2011
    • Support on 09/26/2011
    • Support on 03/17/2011
    • Support on 03/16/2011
    • Support on 09/01/2010
    • Support on 08/31/2010
    • Support on 08/27/2010
    • Resistance on 08/25/2010
    • Support on 07/19/2010
  • Ending of entry zone (71.90)
    • Support on 10/04/2011
    • Support on 05/25/2010
    • Support on 05/21/2010
DateJuly 23, 2016 - 09:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 74.55 on 07/07/2016, so more gains to resistance(s) 79.60, 80.65, 82.05 and more heights 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 53.

Take Profits:

  1. 79.60
  2. 80.65
  3. 82.05
  4. 83.05
  5. 84.70
  6. 86.00
  7. 88.55
  8. 90.45
  9. 92.80
  10. 97.00
  11. 102.35
  12. 105.40
  13. 107.85
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.