website utilities


Follow us:
+1 64 64 8000 31 (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
Trade Setup

#CADCHF
Total Profit: 1667 pip
Closed trade(s): 1351 pip Profit
Open trade(s): 316 pip Profit

Trade Setup:
We opened 8 BUY trades @ 0.72813 based on 'Valley' entry method at 2022-03-02, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 0.7318 touched at 2022-03-11 with 37 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 @ 0.7635 touched at 2022-04-29 with 354 pip Profit.
TP6 @ 0.7714 touched at 2022-05-13 with 433 pip Profit.
37 + 90 + 188 + 249 + 354 + 433 = 1351 pip

Open Profit:
Profit for one BUY trade is 0.74389(current price) - 0.72813(open price) = 158 pip
2 trade(s) still open, therefore total profit for open trade(s) is 158 x 2 = 316 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 0.73710 is broken, we will close open trades.

DateJune 19, 2022 - 21:37
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.78105, beginning of downtrend is expected.
  • We make sure when the support at 0.73710 breaks.
  • If the resistance at 0.78105 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.73710 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.77975 on 06/09/2022, so more losses minimum to Major Support (0.73710) 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 35.

Take Profits:

  1. 0.73182
  2. 0.73710
  3. 0.74685
  4. 0.75439
  5. 0.76175
  6. 0.78650
Click on the level to view price action history.