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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

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Trade Setup

#AUDUSD
Total Profit: -930 pip
Closed trade(s): 0 pip Profit
Open trade(s): -930 pip Profit
_______________________________________________
Trade Setup:
We opened 15 BUY trade(s) @ 0.7378 (day close price) based on 'Hammer' at 2015.08.12 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDUSD...

Open Profit:
Profit for one trade is 0.7316(current price) - 0.7378(open price) = -62 pip
15 trade(s) still open, therefore total profit for open trade(s) is -62 x 15 = -930 pip
_______________________________________________

Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.7320 to 0.7230).

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

  • Beginning of entry zone (0.7320)
    • Support on 08/20/2015
    • Support on 08/19/2015
    • Support on 08/18/2015
    • Support on 08/13/2015
    • Support on 08/06/2015
    • Support on 07/20/2015
    • Support on 05/06/2009
    • Resistance on 05/01/2009
    • Resistance on 04/30/2009
    • Resistance on 04/16/2009
    • Peak on 04/14/2009
    • Resistance on 04/14/2009
    • Peak on 04/13/2009
  • Ending of entry zone (0.7230)
    • Support on 08/12/2015
    • Support on 07/31/2015

DateAugust 23, 2015 - 09:08
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • The current trend is downtrend but the forecast is beginning of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 0.7440 on 08/13/2015, so more losses minimum to Trend Hunter Buy Zone (0.7320 to 0.7230) 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 42.

Take Profits:

  1. 0.7440
  2. 0.7535
  3. 0.7625
  4. 0.7740
  5. 0.7915
  6. 0.8065
  7. 0.8205
  8. 0.8320
  9. 0.8545
  10. 0.8740
  11. 0.8865
  12. 0.9035
  13. 0.9280
  14. 0.9415
Click on the level to view price action history.