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Weekly forecast Australian Dollar vs. Swiss Franc technical chart
Symbol AUDCHF

Download MT4 template file

DateSat, 11/11/2017 - 21:02
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

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 trough is formed in daily chart at 0.7595 on 10/26/2017, so more gains maximum to Trend Hunter Sell Zone (0.7720 to 0.7805) 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.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7720 to 0.7805), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7720)
    • Peak on 11/02/2017
    • Resistance on 11/02/2017
    • Peak on 10/23/2017
    • Resistance on 10/23/2017
    • Resistance on 10/20/2017
    • Resistance on 10/19/2017
    • Resistance on 09/25/2017
    • Resistance on 09/22/2017
    • Resistance on 09/19/2017
    • Resistance on 09/15/2017
    • Resistance on 09/14/2017
    • Resistance on 09/13/2017
    • Resistance on 09/12/2017
    • Resistance on 08/08/2017
    • Resistance on 08/07/2017
    • Resistance on 08/04/2017
    • Resistance on 03/21/2017
    • Peak on 03/20/2017
    • Resistance on 03/20/2017
    • Resistance on 03/15/2017
    • Support on 02/27/2017
    • Support on 02/24/2017
    • Resistance on 02/14/2017
    • Resistance on 02/10/2017
    • Resistance on 03/17/2015
    • Resistance on 03/16/2015
    • Support on 01/24/2014
  • Ending of entry zone (0.7805)
    • Resistance on 09/21/2017
    • Resistance on 02/23/2017
    • Resistance on 02/22/2017

Take Profits:

  1. 0.7595
  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.