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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trade Setup

#CADCHF
Total Profit: 2175 pip
Closed trade(s): 152 pip Profit
Open trade(s): 2023 pip Profit
_______________________________________________
Trade Setup:
We opened 19 BUY trade(s) @ 0.7309 (day close price) based on 'Valley' at 2015.09.30 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/CADCHF...

Closed Profit:
TP1 @ 0.7345 touched at 2015.10.01 with 36 pip Profit.
TP2 @ 0.7425 touched at 2015.10.05 with 116 pip Profit.
36 + 116 = 152 pip

Open Profit:
Profit for one trade is 0.7428(current price) - 0.7309(open price) = 119 pip
17 trade(s) still open, therefore total profit for open trade(s) is 119 x 17 = 2023 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7210 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 (0.7210)
    • Trough on 10/01/2015
    • Trough on 09/30/2015
    • Trough on 09/29/2015
    • Support on 09/29/2015
    • Support on 09/02/2015
    • Support on 08/28/2015
  • Ending of entry zone (0.6970)
    • Trough on 08/26/2015
    • Trough on 08/25/2015
    • Support on 08/24/2015
    • Trough on 08/24/2015
DateOctober 10, 2015 - 21:43
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 0.7210 on 10/01/2015, so more gains to resistance(s) 0.7515, 0.7590, 0.7655 and more heights 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 56.

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.
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.