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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
Symbol AUDCAD

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Trade Setup
#AUDCAD
Total Profit: 64 pip
Closed trade(s): 0 pip Profit
Open trade(s): 64 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.9441 based on 'Valley' at 2019.02.14 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 0.9449(current price) - 0.9441(open price) = 8 pip
8 trade(s) still open, therefore total profit for open trade(s) is 8 x 8 = 64 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 03/09/2019 - 13:37
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.9105, resumption of uptrend is expected.
  • We make sure when the resistance at 0.9775 breaks.
  • If the support at 0.9105 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
  • While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.9315 on 03/01/2019, so more gains to resistance(s) 0.9490, 0.9565, 0.9665 and maximum to Major Resistance (0.9775) 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 51.

Take Profits:

  1. 0.9490
  2. 0.9565
  3. 0.9665
  4. 0.9775
  5. 0.9915
  6. 1.0090
  7. 1.0350
Click on the level to view price action history.