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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

Download MT4 template file

Trade Setup
#AUDCHF
Total Profit: 29 pip
Closed trade(s): 29 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.6656 (day close price) based on 'Valley' at 2020.08.28 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.6685 touched at 2020.09.01 with 29 pip Profit.

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

Trading suggestion:

Regarding the entry signal of DTO we will invest at Monday - if no GAP - when the market opens.

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

  • Beginning of entry zone (0.6595)
    • Resistance on 06/16/2020
    • Resistance on 06/17/2020
    • Resistance on 07/17/2020
    • Resistance on 07/20/2020
    • Resistance on 07/27/2020
    • Resistance on 07/28/2020
    • Resistance on 07/29/2020
    • Resistance on 08/06/2020
    • Resistance on 08/07/2020
    • Resistance on 08/19/2020
  • Ending of entry zone (0.6490)
    • Support on 06/18/2020
    • Support on 06/25/2020
    • Support on 06/26/2020
    • Support on 07/30/2020
    • Support on 08/13/2020
    • Support on 08/14/2020
DateSeptember 5, 2020 - 22:15
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.64350, resumption of uptrend is expected.
  • We make sure when the resistance at 0.67350 breaks.
  • If the support at 0.64350 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • While the RSI support #2 at 43 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.6710 on 09/01/2020, so more losses to support(s) 0.6595, 0.6490 and minimum to Major Support (0.6435) 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 58.

Take Profits:

  1. 0.6685
  2. 0.6735
  3. 0.6815
  4. 0.6890
  5. 0.7020
  6. 0.7275
  7. 0.7565
  8. 0.7800
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 14 Apr 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 7 Apr 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sat, 30 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 24 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on AUDCHF.