website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Australian Dollar / Canadian Dollar technical chart
Symbol AUDCAD

Download MT4 template file

Trade Setup
#AUDCAD
Total Profit: 621 pip
Closed trade(s): 0 pip Profit
Open trade(s): 621 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.8935 (day close price) based on 'Two-day reversal candle (Hammer)' at 2019.10.02 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 0.9004(current price) - 0.8935(open price) = 69 pip
9 trade(s) still open, therefore total profit for open trade(s) is 69 x 9 = 621 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.

DateOctober 5, 2019 - 18:35
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.88350, beginning of uptrend is expected.
  • We make sure when the resistance at 0.92250 breaks.
  • If the support at 0.88350 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 32 and it prevented price from more losses.
  • A trough is formed in daily chart at 0.8835 on 10/01/2019, so more gains to resistance(s) 0.9045, 0.9105 and maximum to Major Resistance (0.9225) 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.