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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trade Setup

#CADCHF
Total Profit: 1622 pip
Closed trade(s): 236 pip Profit
Open trade(s): 1386 pip Profit
_______________________________________________
Trade Setup:
We opened 13 BUY trade(s) @ 0.7432 (day close price) based on 'Valley' at 2015.10.23.

Closed Profit:
TP1 @ 0.7510 touched at 2015.10.28 with 78 pip Profit.
TP2 @ 0.7590 touched at 2015.11.03 with 158 pip Profit.
78 + 158 = 236 pip

Open Profit:
Profit for one trade is 0.7558(current price) - 0.7432(open price) = 126 pip
11 trade(s) still open, therefore total profit for open trade(s) is 126 x 11 = 1386 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7310 to 0.7210). 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 (0.7310)
    • Support on 10/20/2015
    • Trough on 10/16/2015
    • Trough on 10/15/2015
    • Trough on 10/14/2015
    • Support on 10/14/2015
    • Support on 10/13/2015
    • Resistance on 09/30/2015
    • Support on 09/25/2015
    • Support on 09/24/2015
    • Support on 09/23/2015
    • Support on 09/22/2015
    • Support on 09/21/2015
    • Support on 09/16/2015
    • Support on 09/10/2015
    • Support on 09/08/2015
    • Support on 09/07/2015
    • Support on 09/04/2015
    • Resistance on 09/02/2015
    • Support on 08/20/2015
    • Support on 02/11/2015
  • Ending 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

DateNovember 8, 2015 - 14:36
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 0.7310 on 10/20/2015, so more gains to resistance(s) 0.7590, 0.7655, 0.7750 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 61.

Take Profits:

  1. 0.7510
  2. 0.7590
  3. 0.7655
  4. 0.7750
  5. 0.7950
  6. 0.8250
  7. 0.8480
  8. 0.8635
  9. 0.9020
  10. 0.9220
  11. 0.9540
  12. 0.9900
Click on the level to view price action history.