website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

Download MT4 template file

Trade Setup

#AUDCHF
Total Profit: 1648 pip
Closed trade(s): 353 pip Profit
Open trade(s): 1295 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:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

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.
TP3 @ 0.7330 touched at 2018.06.19 with 196 pip Profit.
46 + 111 + 196 = 353 pip

Open Profit:
Profit for one trade is 0.7526(open price) - 0.7341(current price) = 185 pip
7 trade(s) still open, therefore total profit for open trade(s) is 185 x 7 = 1295 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.

DateJuly 7, 2018 - 17:48
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.75850 would begin in Midterm.

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.
  • The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.7575 on 06/06/2018, so more losses to support(s) 0.7330, 0.7240, 0.7145 and more depths 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 44.

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.

Symbol Released Current Forecast
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 24 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 17 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 10 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 3 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 25 Feb 2024