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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: -740 pip
Closed trade(s): 0 pip Profit
Open trade(s): -740 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.9196 (day close price) based on 'Hammer' at 2019.06.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 0.9122(current price) - 0.9196(open price) = -74 pip
10 trade(s) still open, therefore total profit for open trade(s) is -74 x 10 = -740 pip

#AUDCAD
Total Profit: -2261 pip
Closed trade(s): 0 pip Profit
Open trade(s): -2261 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 0.9445 (day close price) based on 'Valley' at 2019.05.07 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 0.9122(current price) - 0.9445(open price) = -323 pip
7 trade(s) still open, therefore total profit for open trade(s) is -323 x 7 = -2261 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, 07/06/2019 - 20:39
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.9105, beginning of uptrend is expected.
  • We make sure when the resistance at 0.9610 breaks.
  • If the support at 0.9105 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.91975 on 2019-05-22 and the trough at 0.9105 on 2019-06-21, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.9200 on 07/03/2019, so more losses minimum to Major Support (0.9105) 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 34.

Take Profits:

  1. 0.9225
  2. 0.9310
  3. 0.9395
  4. 0.9480
  5. 0.9610
  6. 0.9775
  7. 0.9915
  8. 1.0090
  9. 1.0350
Click on the level to view price action history.