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

#CADCHF
Total Profit: 980 pip
Closed trade(s): 287 pip Profit
Open trade(s): 693 pip Profit

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

Closed Profit:
TP1 @ 0.73193 touched at 2022-10-20 with 47 pip Profit.
TP2 @ 0.73703 touched at 2022-11-03 with 98 pip Profit.
TP3 @ 0.74140 touched at 2022-11-04 with 142 pip Profit.
47 + 98 + 142 = 287 pip

Open Profit:
Profit for one BUY trade is 0.73707(current price) - 0.72717(open price) = 99 pip
7 trade(s) still open, therefore total profit for open trade(s) is 99 x 7 = 693 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.
DateNovember 5, 2022 - 18:59
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 0.74687 breaks.
  • If the support at 0.71000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.73372 on 10/21/2022, so more losses to support(s) 0.73703, 0.73193, 0.72891 and minimum to Major Support (0.71000) 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 61.

Take Profits:

  1. 0.73193
  2. 0.73703
  3. 0.74140
  4. 0.74687
  5. 0.75283
  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.