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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trade Setup

#CADCHF
Total Profit: 459 pip
Closed trade(s): 459 pip Profit
Open trade(s): 0 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.
TP3 @ 0.7655 touched at 2015.11.18 with 223 pip Profit.
78 + 158 + 223 = 459 pip

10 other break-even trades closed at entry price, therefore no profit no loss.
_______________________________________________

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

DateDecember 5, 2015 - 18:28
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 0.7740 on 12/01/2015, so more losses to support(s) 0.7425 and minimum to Trend Hunter Buy Zone (0.7310 to 0.7210) 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 38.

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.