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

Download MT4 template file

Trade Setup

#AUDCHF
Total Profit: 2254 pip
Closed trade(s): 2254 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 11 SELL trade(s) @ 0.7658 (day close price) based on 'Peak' at 2018.01.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

Closed Profit:
TP1 @ 0.7610 touched at 2018.01.25 with 48 pip Profit.
TP2 @ 0.7545 touched at 2018.01.25 with 114 pip Profit.
TP3 @ 0.7460 touched at 2018.02.01 with 198 pip Profit.
TP4 @ 0.7330 touched at 2018.02.05 with 329 pip Profit.
TP5 @ 0.7275 touched at 2018.02.09 with 383 pip Profit.
48 + 114 + 198 + 329 + 383 = 1072 pip

Closed Profit:
Profit for one trade is 0.7658(open price) - 0.7461(current price) = 197 pip
6 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 197 x 6 = 1182 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7400 to 0.7330). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (0.7400)
    • Resistance on 02/21/2018
    • Resistance on 02/20/2018
    • Resistance on 02/13/2018
    • Peak on 02/13/2018
    • Resistance on 02/08/2018
    • Resistance on 02/07/2018
    • Resistance on 02/06/2018
    • Resistance on 02/05/2018
    • Support on 07/13/2017
    • Resistance on 07/04/2017
    • Resistance on 06/27/2017
    • Resistance on 06/21/2017
    • Resistance on 06/15/2017
    • Resistance on 05/16/2017
    • Resistance on 05/15/2017
    • Resistance on 05/09/2017
    • Support on 04/28/2017
    • Support on 04/27/2017
    • Support on 01/09/2017
    • Support on 01/06/2017
    • Support on 01/05/2017
    • Resistance on 12/29/2016
    • Resistance on 12/28/2016
    • Resistance on 12/27/2016
    • Resistance on 12/26/2016
    • Resistance on 12/23/2016
    • Support on 11/21/2016
    • Support on 11/18/2016
    • Support on 11/09/2016
    • Support on 11/03/2016
    • Support on 11/02/2016
    • Support on 10/07/2016
    • Support on 10/06/2016
  • Ending of entry zone (0.7330)
    • Support on 02/26/2018
    • Support on 02/19/2018
    • Support on 02/14/2018
    • Support on 02/13/2018
    • Support on 02/12/2018
    • Support on 02/06/2018
    • Support on 02/05/2018
    • Resistance on 07/07/2017
    • Resistance on 07/06/2017
    • Support on 07/04/2017
    • Resistance on 06/28/2017
    • Support on 06/23/2017
    • Resistance on 06/13/2017
    • Resistance on 06/09/2017
    • Support on 05/09/2017
    • Support on 01/03/2017
    • Support on 01/02/2017
    • Support on 12/30/2016
    • Support on 12/26/2016
    • Support on 11/09/2016
    • Support on 09/30/2016
    • Support on 09/19/2016
    • Support on 09/12/2016
    • Support on 08/25/2016
    • Support on 08/24/2016
    • Support on 08/23/2016
    • Support on 08/18/2016
    • Support on 08/17/2016
    • Support on 08/03/2016
    • Support on 07/29/2016
    • Resistance on 07/07/2016
    • Resistance on 07/06/2016
    • Resistance on 07/05/2016
    • Resistance on 07/04/2016
    • Resistance on 06/24/2016
    • Resistance on 05/03/2016
    • Support on 04/13/2016
    • Support on 04/01/2016
    • Support on 03/31/2016
    • Support on 03/29/2016
    • Support on 03/28/2016
    • Support on 03/25/2016
    • Support on 03/24/2016
    • Support on 03/23/2016
    • Support on 03/22/2016
    • Support on 03/21/2016
    • Support on 03/16/2016
    • Support on 03/15/2016
    • Support on 03/11/2016
    • Support on 03/10/2016
    • Support on 03/08/2016
    • Resistance on 03/03/2016
    • Resistance on 12/07/2015
    • Resistance on 05/28/2015
    • Support on 05/27/2015
    • Support on 05/26/2015
    • Support on 05/22/2015
    • Support on 05/21/2015
    • Support on 05/18/2015
    • Support on 05/15/2015
    • Support on 05/14/2015
    • Support on 05/12/2015
    • Support on 05/11/2015

DateSat, 03/10/2018 - 17:10
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.7240 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 0.7240 on 03/02/2018, so more gains to resistance(s) 0.7545, 0.7610, 0.7720 and more heights 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 58.

Take Profits:

  1. 0.7460
  2. 0.7545
  3. 0.7610
  4. 0.7720
  5. 0.7805
Click on the level to view price action history.