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

#CADCHF
Total Profit: -330 pip
Closed trade(s): 0 pip Profit
Open trade(s): -330 pip Profit

Trade Setup:
We opened 10 BUY trades @ 0.72717 based on 'Valley' entry method at 2022-10-03.

Open Profit:
Profit for one BUY trade is 0.72392(current price) - 0.72717(open price) = -33 pip
10 trade(s) still open, therefore total profit for open trade(s) is -33 x 10 = -330 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.
DateOctober 8, 2022 - 19:53
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.71000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.73703 breaks.
  • If the support at 0.71000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.71000 on 10/03/2022, so more gains to resistance(s) 0.72544, 0.72891, 0.73193 and maximum to Major Resistance (0.73703) 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 47.

Take Profits:

  1. 0.73193
  2. 0.73703
  3. 0.74140
  4. 0.74687
  5. 0.75300
  6. 0.76175
  7. 0.77041
  8. 0.78105
  9. 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.