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

Download MT4 template file

Trade Setup

#AUDCHF
Total Profit: 4069 pip
Closed trade(s): 1481 pip Profit
Open trade(s): 2588 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.
TP5 @ 0.7145 touched at 2018.08.23 with 381 pip Profit.
TP6 @ 0.7065 touched at 2018.08.30 with 461 pip Profit.
46 + 111 + 196 + 286 + 381 + 461 = 1481 pip

Open Profit:
Profit for one trade is 0.7526(open price) - 0.6879(current price) = 647 pip
4 trade(s) still open, therefore total profit for open trade(s) is 647 x 4 = 2588 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 0.7145 is broken, we will close open trades.

DateSat, 09/08/2018 - 16:48
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 0.7145 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 0.7145 is broken.

Technical analysis:

  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.7285 on 08/17/2018, so more losses to support(s) 0.6805, 0.6540, 0.6035 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 22.

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.