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Euroaud

Don't miss the great buy opportunity in EURAUDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6415). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 1.6525 TP2= @ 1.6620 TP3= @ 1.6785 SL= Break below S2
Long
by ForecastCity
8
Don't miss the great buy opportunity in EURAUDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5952). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 54. Take Profits: TP1= @ 1.6024 TP2= @ 1.6073 TP3= @ 1.6230 SL= @ 1.5890
Long
by ForecastCity
4
A trading opportunity to Sell in EURAUDMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend. Technical analysis: A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 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 44. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.6355 to 1.6160). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. Beginning of entry zone (1.6355) Ending of entry zone (1.6160) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1 : @1.5885 TP2 : @1.5670 TP3 : @1.5530 TP4 : @1.5345 TP5 : @1.5075 TP6 : @1.4910 TP7 : @1.4670 TP8 : @1.4040 TP9 : @1.3675 TP10 : Free
Short
by ForecastCity
2
A trading opportunity to Sell in EURAUDMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend. Technical analysis: A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 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 44. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.6355 to 1.6160). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. Beginning of entry zone (1.6355) Ending of entry zone (1.6160) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1 : @1.5885 TP2 : @1.5670 TP3 : @1.5530 TP4 : @1.5345 TP5 : @1.5075 TP6 : @1.4910 TP7 : @1.4670 TP8 : @1.4040 TP9 : @1.3675 TP10 : Free
Short
by ForecastCity
1
A trading opportunity to buy in EURAUDMidterm forecast: While the price is below the resistance 1.6190, resumption of downtrend is expected. We make sure when the support at 1.5275 breaks. If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (1.5825 to 1.5890). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.5890) Ending of entry zone (1.5825) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: The RSI support #1 at 49 is broken, so the probability of resumption of downtrend is increased. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 1.5880 on 07/12/2018, so more losses to support(s) 1.5605, 1.5530, 1.5425 and minimum to Major Support (1.5275) 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 41. Take Profits: TP1 = @1.5605 Tp2 = @1.5530 TP3 = @1.5425 TP4 = @1.5275 TP5 = @1.5075 TP6 = @1.4910 TP7 = @1.4605 TP8 = @1.4445 TP9 = @1.4040 TP10 = @1.3675 TP11 = @1.2225 TP12 = @1.1600 TP13 = Free Trade Setup: We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14. Total Profit: 462720 pip Closed trade(s): 0 pip Profit Open trade(s): 462720 pip Profit Closed Profit: TP1 @ 6415.00 touched at 2018.07.16 with 13965 pip Profit. TP2 @ 6974.35 touched at 2018.07.17 with 69900 pip Profit. TP3 @ 7682.60 touched at 2018.07.23 with 140725 pip Profit. 13965 + 69900 + 140725 = 224590 pip Open Profit: Profit for one trade is 6503.68(current price) - 6118.08(open price) = 38560 pip 12 trade(s) still open, therefore total profit for open trade(s) is 38560 x 12 = 462720 pip
Short
by ForecastCity
3
A trading opportunity to buy in EURAUDMidterm forecast: While the price is below the resistance 1.6190, resumption of downtrend is expected. We make sure when the support at 1.5275 breaks. If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (1.5825 to 1.5890). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.5890) Ending of entry zone (1.5825) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: The RSI support #1 at 49 is broken, so the probability of resumption of downtrend is increased. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 1.5880 on 07/12/2018, so more losses to support(s) 1.5605, 1.5530, 1.5425 and minimum to Major Support (1.5275) 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 41. Take Profits: TP1 = @1.5605 Tp2 = @1.5530 TP3 = @1.5425 TP4 = @1.5275 TP5 = @1.5075 TP6 = @1.4910 TP7 = @1.4605 TP8 = @1.4445 TP9 = @1.4040 TP10 = @1.3675 TP11 = @1.2225 TP12 = @1.1600 Trade Setup: We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14. Total Profit: 462720 pip Closed trade(s): 0 pip Profit Open trade(s): 462720 pip Profit Closed Profit: TP1 @ 6415.00 touched at 2018.07.16 with 13965 pip Profit. TP2 @ 6974.35 touched at 2018.07.17 with 69900 pip Profit. TP3 @ 7682.60 touched at 2018.07.23 with 140725 pip Profit. 13965 + 69900 + 140725 = 224590 pip Open Profit: Profit for one trade is 6503.68(current price) - 6118.08(open price) = 38560 pip 12 trade(s) still open, therefore total profit for open trade(s) is 38560 x 12 = 462720 pip
Short
by ForecastCity
10