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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 Profit: 89 pip
Closed trade(s): 33 pip Profit
Open trade(s): 56 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.9012 (day close price) based on 'Valley' at 2019.09.03 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.9045 touched at 2019.09.04 with 33 pip Profit.

Open Profit:
Profit for one trade is 0.9019(current price) - 0.9012(open price) = 7 pip
8 trade(s) still open, therefore total profit for open trade(s) is 7 x 8 = 56 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 09/07/2019 - 19:33
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.8870, beginning of uptrend is expected.
  • We make sure when the resistance at 0.9105 breaks.
  • If the support at 0.8870 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.8905 on 08/26/2019, so more gains to resistance(s) 0.9045 and maximum to Major Resistance (0.9105) 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 52.

Take Profits:

  1. 0.9045
  2. 0.9105
  3. 0.9225
  4. 0.9310
  5. 0.9395
  6. 0.9610
  7. 0.9775
  8. 0.9915
Click on the level to view price action history.