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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF
Trade Setup

#AUDCHF
Total Profit: -60 pip
Closed trade(s): 0 pip Profit
Open trade(s): -60 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 0.6844 based on 'Valley' at 2021.09.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Open Profit:
Profit for one trade is 0.6834(current price) - 0.6844(open price) = -10 pip
6 trade(s) still open, therefore total profit for open trade(s) is -10 x 6 = -60 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.

DateOctober 16, 2021 - 13:32
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.6665, beginning of uptrend is expected.
  • We make sure when the resistance at 0.6910 breaks.
  • If the support at 0.6665 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.6664 on 09/22/2021, so more gains to resistance(s) 0.6889 and maximum to Major Resistance (0.6910) 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 60.

Take Profits:

  1. 0.6815
  2. 0.6910
  3. 0.6975
  4. 0.7085
  5. 0.7260
Click on the level to view price action history.