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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup

#AUDCHF
Total Profit: 301 pip
Closed trade(s): 56 pip Profit
Open trade(s): 245 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 0.7141 based on 'Peak' at 2021.03.22 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.7085 touched at 2021.04.07 with 56 pip Profit.

Open Profit:
Profit for one trade is 0.7141(open price) - 0.7106(current price) = 35 pip
7 trade(s) still open, therefore total profit for open trade(s) is 35 x 7 = 245 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.
DateApril 17, 2021 - 14:01
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.72600, beginning of downtrend is expected.
  • We make sure when the support at 0.69100 breaks.
  • If the resistance at 0.72600 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • The RSI resistance #2 at 48 is broken, so the probability of beginning of downtrend is decreased.
  • A trough is formed in daily chart at 0.7015 on 04/13/2021, so more gains to resistance(s) 0.7230 and maximum to Major Resistance (0.7260) 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 50.

Take Profits:

  1. 0.7085
  2. 0.6975
  3. 0.6910
  4. 0.6750
  5. 0.6580
  6. 0.6490
  7. 0.6370
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.