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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

Download MT4 template file

Trade Setup

#AUDCHF
Total Profit: 3929 pip
Closed trade(s): 1481 pip Profit
Open trade(s): 2448 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) - 0.6914(current price) = 612 pip
4 trade(s) still open, therefore total profit for open trade(s) is 612 x 4 = 2448 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 0.71450 is broken, we will close open trades.
DateSeptember 15, 2018 - 14:40
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.71450 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 0.71450 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 25 and it prevented price from more losses.
  • 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 31.

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.