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

Download MT4 template file

DateSat, 01/06/2018 - 20:11
Currentrange bound
Forecastresumption of downtrend
Last weekBullish

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 0.7590 on 01/03/2018, so more gains maximum to Trend Hunter Sell Zone (0.7675 to 0.7720) 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 63.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7675 to 0.7720), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7675)
    • Resistance on 01/05/2018
    • Resistance on 01/04/2018
    • Resistance on 01/03/2018
    • Resistance on 12/28/2017
    • Resistance on 12/27/2017
    • Resistance on 11/09/2017
    • Resistance on 11/08/2017
    • Support on 10/24/2017
    • Resistance on 10/17/2017
    • Peak on 10/05/2017
    • Resistance on 10/05/2017
    • Resistance on 09/27/2017
    • Resistance on 09/26/2017
    • Support on 09/22/2017
    • Support on 09/15/2017
    • Resistance on 09/08/2017
    • Resistance on 09/07/2017
    • Resistance on 09/05/2017
    • Resistance on 08/22/2017
    • Resistance on 08/21/2017
    • Resistance on 08/18/2017
    • Resistance on 08/17/2017
    • Resistance on 08/16/2017
    • Support on 08/04/2017
    • Support on 08/03/2017
    • Support on 08/02/2017
    • Support on 08/01/2017
  • Ending of entry zone (0.7720)
    • Resistance on 11/02/2017
    • Peak on 11/02/2017
    • Resistance on 10/23/2017
    • Peak 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
    • Resistance on 03/20/2017
    • Peak 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

Take Profits:

  1. 0.7595
  2. 0.7545
  3. 0.7460
  4. 0.7330
  5. 0.7275
  6. 0.7145
  7. 0.7065
  8. 0.6805
  9. 0.6540
  10. 0.6035
Click on the level to view price action history.