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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup
#AUDCHF
Total Profit: 606 pip
Closed trade(s): 201 pip Profit
Open trade(s): 405 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:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/A...

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.
TP3 @ 0.7240 touched at 2019.04.17 with 142 pip Profit.
7 + 52 + 142 = 201 pip

Open Profit:
Profit for one trade is 0.7179(current price) - 0.7098(open price) = 81 pip
5 trade(s) still open, therefore total profit for open trade(s) is 81 x 5 = 405 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.

DateApril 27, 2019 - 17:00
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.68700, beginning of uptrend is expected.
  • We make sure when the resistance at 0.72750 breaks.
  • If the support at 0.68700 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.7275 on 04/18/2019, so more losses to support(s) 0.7150, 0.7105, 0.7020 and minimum to Major Support (0.6870) 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 53.

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.

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