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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Australian Dollar vs. Swiss Franc technical chart

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Trade Setup

Total Profit: 533 pip
Closed trade(s): 157 pip Profit
Open trade(s): 376 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 0.7526 (day close price) based on 'Peak' at 2018.05.14 signaled by DTO:

Closed Profit:
TP1 @ 0.7480 touched at 2018.05.15 with 46 pip Profit.
TP2 @ 0.7415 touched at 2018.05.29 with 111 pip Profit.
46 + 111 = 157 pip

Open Profit:
Profit for one trade is 0.7526(open price) - 0.7479(current price) = 47 pip
8 trade(s) still open, therefore total profit for open trade(s) is 47 x 8 = 376 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 06/09/2018 - 11:19
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 0.7805, beginning of downtrend is expected.
  • We make sure when the support at 0.7415 breaks.
  • If the resistance at 0.7805 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
  • There is a divergence in RSI and price between the peak at 0.7565 on 2018-04-19 and the peak at 0.757 on 2018-05-11, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • The RSI bounced from the downtrend #2 and it prevented price from more gains.
  • A peak is formed in daily chart at 0.7575 on 06/06/2018, so more losses minimum to Major Support (0.7415) 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 49.

Take Profits:

  1. 0.7480
  2. 0.7415
  3. 0.7330
  4. 0.7240
  5. 0.7145
  6. 0.7065
  7. 0.6805
  8. 0.6540
  9. 0.6035
Click on the level to view price action history.