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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Australian Dollar / Canadian Dollar technical chart
Symbol AUDCAD

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Trade Setup
#AUDCAD:
Total Loss: 1610 pip
Closed trade(s): 1610 pip Loss

Trade Setup:
We opened 10 BUY trade(s) @ 0.9196 (day close price) based on 'Hammer' at 2019.06.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Total Loss:
SL @ 0.9035 touched at 2019.07.23 with 161 pip Loss.
Loss for one trade is 0.9196(open price) - 0.9035(close price) = 161 pip
Therefore total loss for trades is 161 x 10 = 1610 pip

#AUDCAD:
Total Loss: 3280 pip
Closed trade(s): 3280 pip Loss

Trade Setup:
We opened 8 BUY trade(s) @ 0.9445 (day close price) based on 'Valley' at 2019.05.07 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Total Loss:
SL @ 0.9035 touched at 2019.07.24 with 410 pip Loss.
Loss for one trade is 0.9445(open price) - 0.9035(close price) = 410 pip
Therefore total loss for trades is 410 x 8 = 3280 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSat, 08/03/2019 - 14:54
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.9070 would begin in Midterm.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.9246 on 07/23/2019, so more losses to support(s) 0.8920, 0.8870, 0.8675 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 28.

Supports and Resistances:

  1. 1.0350
  2. 1.0090
  3. 0.9915
  4. 0.9775
  5. 0.9610
  6. 0.9480
  7. 0.9395
  8. 0.9310
  9. 0.9225
Click on the level to view price action history.