website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

Download MT4 template file

Trade Setup
#CADCHF
Total Profit: 1019 pip
Closed trade(s): 409 pip Profit
Open trade(s): 610 pip Profit

Trade Setup:
We opened 9 SELL trade(s) @ 0.7591 (day close price) based on 'Peak' at 2019.10.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 0.7555 touched at 2019.10.30 with 36 pip Profit.
TP2 @ 0.7515 touched at 2019.10.30 with 76 pip Profit.
TP3 @ 0.7460 touched at 2019.11.13 with 131 pip Profit.
TP4 @ 0.7425 touched at 2019.11.21 with 166 pip Profit.
36 + 76 + 131 + 166 = 409 pip

Open Profit:
Profit for one trade is 0.7591(open price) - 0.7469(current price) = 122 pip
5 trade(s) still open, therefore total profit for open trade(s) is 122 x 5 = 610 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 0.7570 is broken, we will close open trades.
  • Price may also reach 0.7570, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateDecember 7, 2019 - 17:29
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 0.7570, beginning of downtrend is expected.
  • We make sure when the support at 0.7425 breaks.
  • If the resistance at 0.7570 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.7570 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.7515 on 12/05/2019, so more losses to support(s) 0.7460 and minimum to Major Support (0.7425) 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 46.

Take Profits:

  1. 0.7555
  2. 0.7515
  3. 0.7460
  4. 0.7425
  5. 0.7340
  6. 0.7265
  7. 0.7175
  8. 0.7125
Click on the level to view price action history.