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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trade Setup

#CADCHF
Total Profit: 741 pip
Closed trade(s): 327 pip Profit
Open trade(s): 414 pip Profit
_______________________________________________
Trade Setup:
We opened 9 SELL trade(s) @ 0.7774 (day close price) based on 'Two-Day Reversal Candle' at 2015.04.21 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/CADCHF...

Closed Profit:
TP1 @ 0.7750 touched at 2015.04.30 with 24 pip Profit.
TP2 @ 0.7655 touched at 2015.05.01 with 119 pip Profit.
TP3 @ 0.7590 touched at 2015.05.06 with 184 pip Profit.
24 + 119 + 184 = 327 pip

Open Profit:
Profit for one trade is 0.7774(open price) - 0.7705(current price) = 69 pip
6 trade(s) still open, therefore total profit for open trade(s) is 69 x 6 = 414 pip
_______________________________________________

#CADCHF
Total Profit: 5663 pip
Closed trade(s): 4822 pip Profit
Open trade(s): 841 pip Profit
_______________________________________________
Trade Setup:
We opened 13 SELL trade(s) @ 0.8546 (day close price) based on 'Peak' at 2015.01.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 0.8525 touched at 2015.01.12 with 21 pip Profit.
TP2 @ 0.8480 touched at 2015.01.12 with 66 pip Profit.
TP3 @ 0.8420 touched at 2015.01.15 with 126 pip Profit.
TP4 @ 0.8335 touched at 2015.01.15 with 211 pip Profit.
TP5 @ 0.8250 touched at 2015.01.15 with 296 pip Profit.
TP6 @ 0.8185 touched at 2015.01.15 with 361 pip Profit.
TP7 @ 0.8115 touched at 2015.01.15 with 431 pip Profit.
TP8 @ 0.8045 touched at 2015.01.15 with 501 pip Profit.
TP9 @ 0.7965 touched at 2015.01.15 with 581 pip Profit.
TP10 @ 0.7895 touched at 2015.01.15 with 651 pip Profit.
TP11 @ 0.7805 touched at 2015.01.15 with 741 pip Profit.
TP12 @ 0.7710 touched at 2015.01.15 with 836 pip Profit.
21 + 66 + 126 + 211 + 296 + 361 + 431 + 501 + 581 + 651 + 741 + 836 = 4822 pip

Open Profit:
Profit for one trade is 0.8546(open price) - 0.7705(current price) = 841 pip
1 trade(s) still open, therefore total profit for open trade(s) is 841 x 1 = 841 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7895 to 0.7950). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7895)
    • Resistance on 04/24/2015
    • Resistance on 04/17/2015
    • Resistance on 04/16/2015
    • Peak on 04/16/2015
    • Resistance on 03/17/2015
    • Peak on 03/17/2015
    • Resistance on 03/16/2015
    • Resistance on 03/10/2015
    • Support on 03/26/2014
    • Support on 03/11/2014
    • Trough on 03/10/2014
    • Support on 03/10/2014
    • Support on 03/07/2014
    • Trough on 03/05/2014
    • Trough on 03/04/2014
    • Trough on 03/03/2014
    • Trough on 02/28/2014
    • Support on 02/28/2014
    • Support on 09/06/2011
    • Support on 09/05/2011
    • Support on 09/02/2011
  • Ending of entry zone (0.7950)
    • Resistance on 04/29/2015
    • Resistance on 04/28/2015
    • Resistance on 04/22/2015
    • Peak on 03/13/2015
    • Resistance on 03/12/2015
    • Peak on 03/12/2015
    • Resistance on 03/11/2015
    • Peak on 03/11/2015
    • Support on 04/28/2014
    • Resistance on 03/25/2014
    • Support on 03/04/2014
    • Support on 02/28/2014
    • Support on 02/21/2014

DateMay 10, 2015 - 16:39
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast resumption of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 0.7510 on 05/07/2015, so more gains to resistance(s) 0.7750 and maximum to Trend Hunter Sell Zone (0.7895 to 0.7950) 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. 0.7750
  2. 0.7655
  3. 0.7590
  4. 0.7465
  5. 0.7330
  6. 0.7195
  7. 0.7110
  8. 0.6725
Click on the level to view price action history.