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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7240 to 0.6970). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (0.7240)
    • Support on 09/24/2015
    • Support on 08/31/2015
    • Support on 08/28/2015
  • Ending of entry zone (0.6970)
    • Trough on 08/26/2015
    • Trough on 08/25/2015
    • Trough on 08/24/2015
    • Support on 08/24/2015

DateSeptember 26, 2015 - 12:37
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 0.7375 on 09/21/2015, so more losses minimum to Trend Hunter Buy Zone (0.7240 to 0.6970) 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 50.

Take Profits:

  1. 0.7345
  2. 0.7425
  3. 0.7515
  4. 0.7590
  5. 0.7655
  6. 0.7750
  7. 0.7950
  8. 0.8250
  9. 0.8335
  10. 0.8480
  11. 0.8635
  12. 0.8865
  13. 0.9020
  14. 0.9220
  15. 0.9395
  16. 0.9540
  17. 0.9700
  18. 0.9900
Click on the level to view price action history.