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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup
#AUDCHF
Total Profit: 248 pip
Closed trade(s): 20 pip Profit
Open trade(s): 228 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 0.6835 based on 'Shooting star' at 2021.01.19 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.6815 touched at 2021.01.25 with 20 pip Profit.

Open Profit:
Profit for one trade is 0.6835(open price) - 0.6797(current price) = 38 pip
6 trade(s) still open, therefore total profit for open trade(s) is 38 x 6 = 228 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.

DateJanuary 30, 2021 - 18:46
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.69150, beginning of downtrend is expected.
  • We make sure when the support at 0.66850 breaks.
  • If the resistance at 0.69150 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 0.6913 on 01/21/2021, so more losses to support(s) 0.6740 and minimum to Major Support (0.6685) 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 49.

Take Profits:

  1. 0.6815
  2. 0.6740
  3. 0.6685
  4. 0.6580
  5. 0.6490
  6. 0.6370
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