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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

Download MT4 template file

Trade Setup

#AUDCHF
Total Profit: 2139 pip
Closed trade(s): 639 pip Profit
Open trade(s): 1500 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.
TP4 @ 0.7240 touched at 2018.08.13 with 286 pip Profit.
46 + 111 + 196 + 286 = 639 pip

Open Profit:
Profit for one trade is 0.7526(open price) - 0.7276(current price) = 250 pip
6 trade(s) still open, therefore total profit for open trade(s) is 250 x 6 = 1500 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.
  • If the Midterm level 0.73100 is broken, we will close open trades.
DateAugust 18, 2018 - 18:26
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.73100 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 0.73100 is broken.

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.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.7165 on 08/16/2018, so more gains maximum to Major Resistance (0.7310) 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 45.

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, 14 Apr 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 7 Apr 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sat, 30 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 24 Mar 2024
Australian Dollar / Swiss Franc (AUDCHF) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on AUDCHF.