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: 2813 pip
Closed trade(s): 1495 pip Profit
Open trade(s): 1318 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 0.9810 (day close price) based on 'Peak' at 2021.02.26 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.9775 touched at 2021.03.05 with 35 pip Profit.
TP2 @ 0.9715 touched at 2021.03.05 with 95 pip Profit.
TP3 @ 0.9650 touched at 2021.03.15 with 160 pip Profit.
TP4 @ 0.9540 touched at 2021.03.24 with 270 pip Profit.
TP5 @ 0.9430 touched at 2021.05.12 with 380 pip Profit.
TP6 @ 0.9255 touched at 2021.07.02 with 555 pip Profit.
35 + 95 + 160 + 270 + 380 + 555 = 1495 pip

Open Profit:
Profit for one trade is 0.9810(open price) - 0.9151(current price) = 659 pip
2 trade(s) still open, therefore total profit for open trade(s) is 659 x 2 = 1318 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 0.95400 is broken, we will close open trades.

DateJuly 31, 2021 - 10:58
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.95400 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 0.95400 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.9420 on 07/19/2021, so more losses to support(s) 0.9065, 0.8915, 0.8835 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 31.

Take Profits:

  1. 0.9775
  2. 0.9715
  3. 0.9650
  4. 0.9540
  5. 0.9430
  6. 0.9255
  7. 0.9065
Click on the level to view price action history.