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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Australian Dollar vs. Canadian Dollar technical chart

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Trade Setup

Total Profit: 765 pip
Closed trade(s): 175 pip Profit
Open trade(s): 590 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 0.9725 (day close price) based on 'Peak' at 2018.07.11 signaled by DTO:

Closed Profit:
TP1 @ 0.9665 touched at 2018.07.26 with 60 pip Profit.
TP2 @ 0.9610 touched at 2018.08.01 with 115 pip Profit.
60 + 115 = 175 pip

Open Profit:
Profit for one trade is 0.9725(open price) - 0.9607(current price) = 118 pip
5 trade(s) still open, therefore total profit for open trade(s) is 118 x 5 = 590 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.

DateSat, 08/04/2018 - 16:22
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 0.9935, beginning of downtrend is expected.
  • We make sure when the support at 0.9555 breaks.
  • If the resistance at 0.9935 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.9815 on 07/10/2018, so more losses minimum to Major Support (0.9555) 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. 0.9665
  2. 0.9610
  3. 0.9555
  4. 0.9455
  5. 0.9325
  6. 0.9170
Click on the level to view price action history.