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Weekly forecast Australian Dollar / Canadian Dollar technical chart
Symbol AUDCAD

Download MT4 template file

Trade Setup

#AUDCAD
Total Profit: 39 pip
Closed trade(s): 39 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 9 BUY trade(s) @ 0.9706 (day close price) based on 'Valley' at 2017.11.27 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.9745 touched at 2017.11.28 with 39 pip Profit.

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

Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.9685 to 0.9600).

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

  • Beginning of entry zone (0.9685)
    • Resistance on 11/22/2017
    • Resistance on 11/21/2017
    • Resistance on 11/20/2017
    • Resistance on 11/17/2017
    • Support on 11/14/2017
    • Support on 09/12/2017
    • Support on 09/06/2017
    • Support on 01/09/2017
    • Support on 01/05/2017
    • Support on 01/04/2017
    • Resistance on 01/02/2017
    • Support on 12/26/2016
    • Support on 12/23/2016
    • Support on 12/22/2016
    • Support on 12/21/2016
    • Support on 12/20/2016
    • Resistance on 07/05/2016
    • Resistance on 07/04/2016
    • Resistance on 07/01/2016
    • Resistance on 06/30/2016
    • Resistance on 06/29/2016
    • Resistance on 06/27/2016
    • Resistance on 03/01/2016
    • Resistance on 02/29/2016
    • Resistance on 11/25/2015
    • Resistance on 08/17/2015
    • Support on 08/05/2015
    • Resistance on 05/20/2015
    • Resistance on 05/15/2015
    • Resistance on 04/10/2015
    • Resistance on 04/09/2015
    • Resistance on 04/01/2015
    • Support on 03/30/2015
    • Support on 03/05/2015
    • Support on 02/19/2015
    • Support on 02/10/2015
    • Support on 02/09/2015
    • Support on 02/06/2015
    • Support on 02/05/2015
    • Resistance on 12/02/2014
    • Resistance on 12/01/2014
    • Resistance on 11/27/2014
    • Support on 11/24/2014
    • Support on 10/13/2014
    • Peak on 11/25/2013
  • 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
DateDecember 2, 2017 - 15:58
Currentrange bound
Forecastbeginning of uptrend

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 0.9785 on 11/30/2017, so more losses minimum to Trend Hunter Buy Zone (0.9685 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 39.

Take Profits:

  1. 0.9745
  2. 0.9835
  3. 0.9900
  4. 0.9990
  5. 1.0090
  6. 1.0165
  7. 1.0250
  8. 1.0350
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / Canadian Dollar (AUDCAD) free Sun, 14 Apr 2024
Australian Dollar / Canadian Dollar (AUDCAD) Sun, 14 Apr 2024
Australian Dollar / Canadian Dollar (AUDCAD) Sun, 14 Apr 2024
Australian Dollar / Canadian Dollar (AUDCAD) Sun, 14 Apr 2024
Australian Dollar / Canadian Dollar (AUDCAD) Sun, 7 Apr 2024
History
Daily-Trading-Opportunities on AUDCAD.