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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

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Trade Setup

#AUDUSD
Total Profit: 705 pip
Closed trade(s): 107 pip Profit
Open trade(s): 598 pip Profit
_______________________________________________
Trade Setup:
We opened 14 BUY trade(s) @ 0.7633 (day close price) based on 'Valley' at 2015.04.03 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDUSD...

Closed Profit:
TP1 @ 0.7740 touched at 2015.04.09 with 107 pip Profit.

Open Profit:
Profit for one trade is 0.7679(current price) - 0.7633(open price) = 46 pip
13 trade(s) still open, therefore total profit for open trade(s) is 46 x 13 = 598 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7625 to 0.7560). 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 (0.7625)
    • Support on 04/08/2015
    • Support on 03/30/2015
    • Support on 03/19/2015
    • Support on 03/16/2015
    • Support on 03/15/2015
    • Support on 03/13/2015
    • Trough on 02/05/2015
    • Trough on 02/04/2015
    • Support on 02/03/2015
    • Trough on 02/03/2015
    • Support on 05/19/2009
    • Resistance on 05/14/2009
    • Resistance on 05/07/2009
    • Support on 11/15/2006
    • Support on 10/27/2006
    • Resistance on 10/25/2006
    • Support on 09/01/2006
    • Resistance on 08/25/2006
    • Support on 08/16/2006
    • Support on 08/07/2006
    • Support on 08/02/2006
    • Support on 08/01/2006
    • Support on 07/28/2006
    • Resistance on 07/26/2006
    • Resistance on 05/31/2006
    • Resistance on 05/30/2006
    • Resistance on 05/26/2006
    • Support on 05/09/2006
    • Resistance on 05/02/2006
    • Resistance on 05/01/2006
    • Resistance on 09/30/2005
    • Resistance on 09/29/2005
    • Support on 09/19/2005
    • Resistance on 08/25/2005
    • Support on 08/08/2005
    • Support on 08/03/2005
    • Resistance on 08/01/2005
    • Resistance on 07/29/2005
    • Resistance on 07/01/2005
    • Support on 06/15/2005
    • Resistance on 05/30/2005
    • Resistance on 05/18/2005
    • Resistance on 05/16/2005
    • Support on 04/18/2005
    • Support on 04/07/2005
    • Support on 04/06/2005
    • Support on 04/05/2005
    • Support on 02/09/2005
    • Support on 02/08/2005
    • Support on 01/25/2005
    • Resistance on 01/20/2005
    • Resistance on 01/19/2005
    • Resistance on 01/17/2005
    • Resistance on 01/11/2005
    • Support on 01/05/2005
    • Support on 01/04/2005
    • Support on 12/24/2004
    • Support on 12/23/2004
    • Resistance on 12/17/2004
    • Resistance on 12/14/2004
    • Support on 11/12/2004
    • Resistance on 11/10/2004
    • Resistance on 11/09/2004
    • Resistance on 03/09/2004
    • Resistance on 03/05/2004
    • Support on 03/02/2004
  • Ending of entry zone (0.7560)
    • Support on 04/02/2015
    • Trough on 03/13/2015
    • Trough on 03/12/2015
    • Trough on 03/11/2015
    • Support on 03/11/2015

DateApril 11, 2015 - 13:25
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 0.7535 on 04/06/2015, so more gains to resistance(s) 0.7740, 0.7855, 0.7950 and more heights 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 48.

Take Profits:

  1. 0.7740
  2. 0.7855
  3. 0.7950
  4. 0.8065
  5. 0.8215
  6. 0.8320
  7. 0.8545
  8. 0.8740
  9. 0.8865
  10. 0.9035
  11. 0.9135
  12. 0.9280
  13. 0.9415
Click on the level to view price action history.