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: -6608 pip
Closed trade(s): 0 pip Profit
Open trade(s): -6608 pip Profit

Trade Setup:
We opened 14 BUY trades @ 0.71327 based on 'Valley' entry method at 2022-11-17, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Open Profit:
Profit for one BUY trade is 0.66611(current price) - 0.71327(open price) = -472 pip
14 trade(s) still open, therefore total profit for open trade(s) is -472 x 14 = -6608 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 12, 2023 - 19:53
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.67730 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • A peak is formed in daily chart at 0.69310 on 03/02/2023, so more losses to support(s) 0.66050 and more depths 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 27.

Supports and Resistances:

  1. 0.78650
  2. 0.78105
  3. 0.77041
  4. 0.75842
  5. 0.75048
  6. 0.74140
  7. 0.73086
  8. 0.72000
  9. 0.71000
  10. 0.70204
  11. 0.69700
  12. 0.69129
Click on the level to view price action history.