Languages

website utilities

 

Follow us:
+1 (646) 48 000 22 (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 vs. Swiss Franc technical chart
Symbol AUDCHF

Download MT4 template file

Trade Setup

#AUDCHF
Total Profit: 1564 pip
Closed trade(s): 353 pip Profit
Open trade(s): 1211 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) - 0.7353(current price) = 173 pip
7 trade(s) still open, therefore total profit for open trade(s) is 173 x 7 = 1211 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, 08/04/2018 - 16:25
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 0.7585, beginning of downtrend is expected.
  • We make sure when the support at 0.7240 breaks.
  • If the resistance at 0.7585 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.
  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • A peak is formed in daily chart at 0.7445 on 07/16/2018, so more losses to support(s) 0.7330 and minimum to Major Support (0.7240) 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.