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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup

#AUDCHF
Total Profit: 1243 pip
Closed trade(s): 55 pip Profit
Open trade(s): 1188 pip Profit
_______________________________________________
Trade Setup:
We opened 13 SELL trade(s) @ 0.7715 (day close price) based on 'Peak' at 2017.02.24 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDCHF...

Closed Profit:
TP1 @ 0.7660 touched at 2017.03.02 with 55 pip Profit.

Open Profit:
Profit for one trade is 0.7715(open price) - 0.7616(current price) = 99 pip
12 trade(s) still open, therefore total profit for open trade(s) is 99 x 12 = 1188 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7735 to 0.7800). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (0.7735)
    • Resistance on 03/07/2017
    • Resistance on 02/28/2017
    • Support on 02/23/2017
    • Support on 02/22/2017
    • Peak on 03/16/2015
    • Peak on 03/13/2015
    • Resistance on 03/13/2015
    • Peak on 03/12/2015
    • Resistance on 03/12/2015
    • Support on 01/24/2014
  • Ending of entry zone (0.7800)
    • Resistance on 02/23/2017
    • Peak on 02/22/2017
    • Resistance on 02/22/2017

DateMarch 11, 2017 - 16:27
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 0.7800 on 02/23/2017, so more losses to support(s) 0.7545, 0.7480, 0.7400 and more depths 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 46.

Take Profits:

  1. 0.7660
  2. 0.7545
  3. 0.7480
  4. 0.7400
  5. 0.7330
  6. 0.7230
  7. 0.7065
  8. 0.6930
  9. 0.6805
  10. 0.6700
  11. 0.6540
  12. 0.6035
Click on the level to view price action history.

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