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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF
Trade Setup

#CADCHF
Total Profit: 1757 pip
Closed trade(s): 908 pip Profit
Open trade(s): 849 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.7281 (day close price) based on 'Valley' at 2022.03.02 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 0.7324 touched at 2022.03.11 with 43 pip Profit.
TP2 @ 0.7371 touched at 2022.03.15 with 90 pip Profit.
TP3 @ 0.7469 touched at 2022.03.28 with 188 pip Profit.
TP4 @ 0.7530 touched at 2022.04.19 with 249 pip Profit.
TP5 @ 0.7619 touched at 2022.04.21 with 338 pip Profit.
43 + 90 + 188 + 249 + 338 = 908 pip

Open Profit:
Profit for one trade is 0.7564(current price) - 0.7281(open price) = 283 pip
3 trade(s) still open, therefore total profit for open trade(s) is 283 x 3 = 849 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.
  • If the Midterm level 0.73240 is broken, we will close open trades.
DateMay 1, 2022 - 07:21
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.73240, resumption of uptrend is expected.
  • We make sure when the resistance at 0.76193 breaks.
  • If the support at 0.73240 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.73240 is broken.

Technical analysis:

  • A trough is formed in daily chart at 0.74700 on 04/26/2022, so more gains maximum to Major Resistance (0.76193) 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 62.

Take Profits:

  1. 0.73240
  2. 0.73710
  3. 0.74691
  4. 0.75300
  5. 0.76193
  6. 0.77140
  7. 0.78650
Click on the level to view price action history.
Symbol Released Current Forecast
Canadian Dollar / Swiss Franc (CADCHF) Sun, 14 Apr 2024
Canadian Dollar / Swiss Franc (CADCHF) free Sun, 7 Apr 2024
Canadian Dollar / Swiss Franc (CADCHF) free Sun, 31 Mar 2024
Canadian Dollar / Swiss Franc (CADCHF) Sun, 24 Mar 2024
Canadian Dollar / Swiss Franc (CADCHF) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on CADCHF.