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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Australian Dollar vs. Swiss Franc technical chart

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Trade Setup
Total Profit: 605 pip
Closed trade(s): 59 pip Profit
Open trade(s): 546 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.7098 (day close price) based on 'Two-day reversal candle(Hammer)' at 2019.04.03 signaled by DTO:

Closed Profit:
TP1 @ 0.7105 touched at 2019.04.04 with 7 pip Profit.
TP2 @ 0.7150 touched at 2019.04.10 with 52 pip Profit.
7 + 52 = 59 pip

Open Profit:
Profit for one trade is 0.7189(current price) - 0.7098(open price) = 91 pip
6 trade(s) still open, therefore total profit for open trade(s) is 91 x 6 = 546 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 04/13/2019 - 18:58
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.6870, beginning of uptrend is expected.
  • We make sure when the resistance at 0.7240 breaks.
  • If the support at 0.6870 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.7040 on 04/03/2019, so more gains maximum to Major Resistance (0.7240) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 61.

Take Profits:

  1. 0.7105
  2. 0.7150
  3. 0.7240
  4. 0.7375
  5. 0.7445
  6. 0.7565
  7. 0.7720
Click on the level to view price action history.