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Weekly forecast Australian Dollar vs. Canadian Dollar technical chart
Symbol AUDCAD

Download MT4 template file

Trade Setup

#AUDCAD
Total Profit: 231 pip
Closed trade(s): 231 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 10 BUY trade(s) @ 0.9752 (day close price) based on 'Two-Day Reversal Candle (Hammer)' at 2017.10.12 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.9835 touched at 2017.10.13 with 83 pip Profit.
TP2 @ 0.9900 touched at 2017.11.01 with 148 pip Profit.
83 + 148 = 231 pip

8 other break-even trades closed at entry price, therefore no profit no loss.
_______________________________________________

Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.9745 to 0.9600).

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

  • Beginning of entry zone (0.9745)
    • Resistance on 11/10/2017
    • Support on 11/07/2017
    • Support on 10/25/2017
    • Support on 10/13/2017
    • Resistance on 10/11/2017
    • Support on 10/05/2017
    • Support on 09/29/2017
    • Support on 09/28/2017
    • Support on 09/22/2017
    • Support on 09/18/2017
    • Support on 09/08/2017
    • Support on 09/07/2017
    • Support on 09/06/2017
    • Support on 07/12/2017
    • Support on 01/11/2017
    • Resistance on 01/09/2017
    • Resistance on 01/06/2017
    • Resistance on 01/04/2017
    • Resistance on 12/30/2016
    • Resistance on 12/29/2016
    • Resistance on 12/26/2016
    • Resistance on 12/23/2016
    • Resistance on 12/22/2016
    • Support on 07/21/2016
    • Support on 07/20/2016
    • Support on 07/19/2016
    • Resistance on 07/07/2016
    • Resistance on 07/06/2016
    • Resistance on 06/24/2016
    • Support on 04/26/2016
    • Support on 04/13/2016
    • Support on 02/09/2016
    • Support on 12/09/2015
    • Support on 12/08/2015
    • Support on 12/04/2015
    • Support on 12/03/2015
    • Resistance on 08/10/2015
    • Resistance on 08/07/2015
    • Peak on 08/06/2015
    • Peak on 08/05/2015
    • Resistance on 08/05/2015
    • Peak on 08/04/2015
    • Resistance on 08/04/2015
    • Peak on 05/18/2015
    • Peak on 05/15/2015
    • Peak on 05/14/2015
    • Resistance on 05/14/2015
    • Resistance on 03/30/2015
    • Support on 03/27/2015
    • Support on 03/26/2015
    • Resistance on 03/19/2015
    • Resistance on 03/18/2015
    • Peak on 03/09/2015
    • Resistance on 03/09/2015
    • Resistance on 03/06/2015
    • Support on 02/27/2015
    • Support on 02/26/2015
    • Resistance on 02/19/2015
    • Resistance on 02/13/2015
    • Resistance on 02/12/2015
    • Support on 02/11/2015
    • Resistance on 02/09/2015
    • Resistance on 02/05/2015
    • Resistance on 02/04/2015
    • Support on 01/29/2015
    • Resistance on 01/09/2015
    • Resistance on 11/28/2014
    • Support on 11/07/2014
    • Support on 11/06/2014
    • Support on 11/05/2014
    • Support on 10/07/2014
    • Support on 10/06/2014
    • Support on 10/03/2014
    • Support on 10/02/2014
    • Support on 10/01/2014
    • Support on 09/26/2014
    • Support on 09/25/2014
    • Support on 09/22/2014
    • Support on 01/30/2014
    • Resistance on 01/24/2014
    • Support on 01/15/2014
    • Peak on 12/11/2013
    • Peak on 12/09/2013
    • Peak on 12/06/2013
    • Peak on 12/05/2013
    • Peak on 12/04/2013
    • Peak on 12/03/2013
    • Resistance on 12/03/2013
    • Support on 11/20/2013
    • Support on 11/15/2013
    • Support on 11/14/2013
    • Support on 11/13/2013
    • Support on 11/12/2013
    • Resistance on 10/07/2013
    • Resistance on 10/04/2013
    • Resistance on 09/18/2013
    • Resistance on 06/27/2013
    • Resistance on 06/26/2013
    • Resistance on 06/25/2013
    • Resistance on 06/24/2013
    • Resistance on 06/18/2013
    • Resistance on 06/17/2013
    • Resistance on 03/17/2011
    • Support on 03/15/2011
    • Support on 03/11/2011
    • Support on 03/10/2011
    • Support on 01/17/2011
    • Support on 01/12/2011
    • Support on 01/11/2011
    • Support on 12/02/2010
  • Ending of entry zone (0.9600)
    • Support on 01/02/2017
    • Support on 06/30/2016
    • Support on 06/29/2016
    • Support on 06/24/2016
    • Resistance on 06/21/2016
    • Resistance on 06/16/2016
    • Resistance on 05/06/2016
    • Resistance on 05/05/2016
    • Resistance on 05/04/2016
    • Support on 03/02/2016
    • Support on 03/01/2016

DateSat, 11/11/2017 - 20:59
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 beginning of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 0.9915 on 11/01/2017, so more losses minimum to Trend Hunter Buy Zone (0.9745 to 0.9600) 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 36.

Take Profits:

  1. 0.9835
  2. 0.9900
  3. 0.9990
  4. 1.0090
  5. 1.0165
  6. 1.0250
  7. 1.0350
  8. 1.0780
  9. 1.1020
Click on the level to view price action history.