website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

Download MT4 template file

Trade Setup
#AUDCHF
Total Profit: -3015 pip
Closed trade(s): 0 pip Profit
Open trade(s): -3015 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.6931 (day close price) based on 'Hammer' at 2019.06.05 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 0.6596(current price) - 0.6931(open price) = -335 pip
9 trade(s) still open, therefore total profit for open trade(s) is -335 x 9 = -3015 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.

DateAugust 10, 2019 - 17:37
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.65050, beginning of uptrend is expected.
  • We make sure when the resistance at 0.70200 breaks.
  • If the support at 0.65050 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 16 and it prevented price from more losses.
  • While the RSI resistance #2 at 58 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.6505 on 08/07/2019, so more gains to resistance(s) 0.6600, 0.6700, 0.6750 and maximum to Major Resistance (0.7020) 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 26.

Take Profits:

  1. 0.6970
  2. 0.7020
  3. 0.7065
  4. 0.7145
  5. 0.7275
  6. 0.7375
  7. 0.7565
  8. 0.7720
Click on the level to view price action history.

Symbol Released Current Forecast
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 24 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 17 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 10 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 3 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 25 Feb 2024