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

#AUDCHF
Total Profit: -550 pip
Closed trade(s): 0 pip Profit
Open trade(s): -550 pip Profit

Trade Setup:
We opened 11 BUY trades @ 0.64591 based on 'Valley' entry method at 2022-10-03.

Open Profit:
Profit for one BUY trade is 0.64087(current price) - 0.64591(open price) = -50 pip
11 trade(s) still open, therefore total profit for open trade(s) is -50 x 11 = -550 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.
DateJanuary 22, 2023 - 17:32
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.61600, beginning of uptrend is expected.
  • We make sure when the resistance at 0.65300 breaks.
  • If the support at 0.61600 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.62098 on 2022-10-13 and the trough at 0.61634 on 2022-12-21, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.62985 on 01/19/2023, so more gains to resistance(s) 0.64680 and maximum to Major Resistance (0.65300) 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 56.

Take Profits:

  1. 0.65300
  2. 0.65643
  3. 0.66368
  4. 0.67124
  5. 0.67715
  6. 0.68384
  7. 0.68956
  8. 0.70001
  9. 0.70800
  10. 0.72600
Click on the level to view price action history.
Symbol Released Current Forecast
Australian Dollar / Swiss Franc (AUDCHF) new Sat, 2 Dec 2023
Australian Dollar / Swiss Franc (AUDCHF) Sat, 25 Nov 2023
Australian Dollar / Swiss Franc (AUDCHF) Sun, 19 Nov 2023
Australian Dollar / Swiss Franc (AUDCHF) Sun, 12 Nov 2023
Australian Dollar / Swiss Franc (AUDCHF) Sun, 5 Nov 2023
History
Daily-Trading-Opportunities on AUDCHF.