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: 558 pip
Closed trade(s): 41 pip Profit
Open trade(s): 517 pip Profit

Trade Setup:
We opened 12 BUY trades @ 0.68722 based on 'Valley' entry method at 2023-01-20.

Closed Profit:
TP1 @ 0.69129 touched at 2023-01-24 with 41 pip Profit.

Open Profit:
Profit for one BUY trade is 0.69187(current price) - 0.68722(open price) = 47 pip
11 trade(s) still open, therefore total profit for open trade(s) is 47 x 11 = 517 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.

DateFebruary 12, 2023 - 06:03
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.67450, beginning of uptrend is expected.
  • We make sure when the resistance at 0.69700 breaks.
  • If the support at 0.67450 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.67728 on 2022-12-20 and the trough at 0.67728 on 2023-01-19, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.68380 on 02/09/2023, so more gains maximum to Major Resistance (0.69700) 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 55.

Take Profits:

  1. 0.69129
  2. 0.70204
  3. 0.71000
  4. 0.72000
  5. 0.73086
  6. 0.74140
  7. 0.75048
  8. 0.75842
  9. 0.77041
  10. 0.78105
  11. 0.78650
Click on the level to view price action history.