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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup

#AUDCHF
Total Profit: 4109 pip
Closed trade(s): 1645 pip Profit
Open trade(s): 2464 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.
TP2 @ 0.7545 touched at 2017.03.24 with 170 pip Profit.
TP3 @ 0.7480 touched at 2017.03.27 with 235 pip Profit.
TP4 @ 0.7400 touched at 2017.04.27 with 315 pip Profit.
TP5 @ 0.7330 touched at 2017.05.04 with 385 pip Profit.
TP6 @ 0.7230 touched at 2017.05.22 with 485 pip Profit.
55 + 170 + 235 + 315 + 385 + 485 = 1645 pip

Open Profit:
Profit for one trade is 0.7715(open price) - 0.7363(current price) = 352 pip
7 trade(s) still open, therefore total profit for open trade(s) is 352 x 7 = 2464 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
DateJuly 2, 2017 - 09:30
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 0.7270 on 06/29/2017, so more gains to resistance(s) 0.7400, 0.7480, 0.7545 and maximum to Trend Hunter Sell Zone (0.7735 to 0.7800) 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 54.

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.
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.