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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trade Setup

#CADCHF
Total Profit: 5078 pip
Closed trade(s): 3128 pip Profit
Open trade(s): 1950 pip Profit
_______________________________________________
Trade Setup:
We opened 14 BUY trade(s) @ 0.7054 (day close price) based on 'Valley' at 2016.02.12 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/CADCHF...

Closed Profit:
TP1 @ 0.7110 touched at 2016.02.15 with 56 pip Profit.
TP2 @ 0.7210 touched at 2016.02.17 with 156 pip Profit.
TP3 @ 0.7310 touched at 2016.02.25 with 256 pip Profit.
TP4 @ 0.7425 touched at 2016.03.01 with 371 pip Profit.
TP5 @ 0.7510 touched at 2016.03.07 with 456 pip Profit.
TP6 @ 0.7590 touched at 2016.03.10 with 536 pip Profit.
TP7 @ 0.7655 touched at 2016.04.20 with 601 pip Profit.
TP8 @ 0.7750 touched at 2016.12.09 with 696 pip Profit.
56 + 156 + 256 + 371 + 456 + 536 + 601 + 696 = 3128 pip

Open Profit:
Profit for one trade is 0.7379(current price) - 0.7054(open price) = 325 pip
6 trade(s) still open, therefore total profit for open trade(s) is 325 x 6 = 1950 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.6900 to 0.6725). 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 (0.6900)
    • Trough on 02/15/2016
    • Trough on 02/12/2016
    • Trough on 02/11/2016
    • Support on 02/11/2016
    • Support on 01/21/2016
    • Support on 01/22/2015
  • Ending of entry zone (0.6725)
    • Trough on 01/15/2015
    • Support on 01/15/2015

DateApril 25, 2017 - 15:21
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 0.7600 on 04/13/2017, so more losses to support(s) 0.7310, 0.7210, 0.7110 and minimum to Trend Hunter Buy Zone (0.6900 to 0.6725) 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 33.

Take Profits:

  1. 0.7110
  2. 0.7210
  3. 0.7310
  4. 0.7425
  5. 0.7510
  6. 0.7590
  7. 0.7655
  8. 0.7750
  9. 0.7950
  10. 0.8250
  11. 0.8635
  12. 0.9540
  13. 0.9900
Click on the level to view price action history.