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Weekly forecast Australian Dollar / Canadian Dollar technical chart
Symbol AUDCAD

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Trade Setup

#AUDCAD
Total Profit: -1595 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1595 pip Profit
_______________________________________________
Trade Setup:
We opened 11 SELL trade(s) @ 1.0136 based on 'Peak' entry method at 2017.03.02.

Open Profit:
Profit for one trade is 1.0136(open price) - 1.0281(current price) = -145 pip
11 trade(s) still open, therefore total profit for open trade(s) is -145 x 11 = -1595 pip
_______________________________________________

Trading suggestion:

Price is in the Trend Hunter Sell Zone (1.0250 to 1.0350).

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.0250)
    • Resistance on 03/16/2017
    • Resistance on 03/15/2017
    • Resistance on 03/02/2017
    • Resistance on 03/01/2017
    • Peak on 03/01/2017
    • Resistance on 11/15/2016
    • Resistance on 11/14/2016
    • Support on 11/03/2016
    • Resistance on 11/02/2016
    • Resistance on 11/01/2016
    • Resistance on 10/27/2016
    • Resistance on 10/26/2016
    • Resistance on 06/11/2014
    • Resistance on 05/14/2014
    • Resistance on 04/28/2014
    • Resistance on 04/25/2014
    • Resistance on 04/24/2014
    • Trough on 04/23/2014
    • Support on 04/21/2014
    • Support on 04/18/2014
    • Trough on 04/18/2014
    • Trough on 04/17/2014
    • Support on 04/17/2014
    • Trough on 04/16/2014
    • Support on 04/16/2014
    • Trough on 04/15/2014
    • Support on 04/15/2014
    • Resistance on 04/09/2014
    • Resistance on 04/01/2014
    • Resistance on 03/31/2014
    • Resistance on 03/28/2014
    • Resistance on 03/27/2014
    • Resistance on 03/26/2014
    • Peak on 09/28/2012
  • Ending of entry zone (1.0350)
    • Resistance on 11/10/2016
    • Resistance on 11/09/2016
    • Resistance on 04/23/2014
    • Resistance on 04/16/2014
    • Peak on 07/11/2011

DateMarch 18, 2017 - 17:05
Currentrange bound
Forecastbeginning of downtrend

Midterm 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 trough is formed in daily chart at 1.0100 on 03/03/2017, so more gains maximum to Trend Hunter Sell Zone (1.0250 to 1.0350) 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 67.

Take Profits:

  1. 1.0090
  2. 0.9990
  3. 0.9915
  4. 0.9835
  5. 0.9745
  6. 0.9670
  7. 0.9520
  8. 0.9390
  9. 0.9325
  10. 0.9170
  11. 0.0000
Click on the level to view price action history.