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Weekly forecast Canadian Dollar vs. Swiss Franc technical chart
Symbol CADCHF

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Trade Setup

#CADCHF
Total Profit: 840 pip
Closed trade(s): 168 pip Profit
Open trade(s): 672 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 0.7769 (day close price) based on 'Peak' at 2017.11.14 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 0.7730 touched at 2017.11.15 with 39 pip Profit.
TP2 @ 0.7640 touched at 2017.11.30 with 129 pip Profit.
39 + 129 = 168 pip

Open Profit:
Profit for one trade is 0.7769(open price) - 0.7685(current price) = 84 pip
8 trade(s) still open, therefore total profit for open trade(s) is 84 x 8 = 672 pip
_______________________________________________

DateSat, 12/02/2017 - 16:15
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 0.7615 on 11/30/2017, so more gains to resistance(s) 0.7730 and maximum to Trend Hunter Sell Zone (0.7805 to 0.7960) 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 42.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7805 to 0.7960), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7805)
    • Resistance on 11/16/2017
    • Support on 11/08/2017
    • Resistance on 11/02/2017
    • Resistance on 11/01/2017
    • Support on 10/19/2017
    • Support on 10/18/2017
    • Resistance on 10/16/2017
    • Resistance on 10/10/2017
    • Resistance on 10/09/2017
    • Resistance on 10/06/2017
    • Resistance on 10/03/2017
    • Resistance on 10/02/2017
    • Resistance on 09/29/2017
    • Support on 09/26/2017
    • Support on 09/25/2017
    • Support on 09/19/2017
    • Support on 09/18/2017
    • Resistance on 07/31/2017
    • Resistance on 07/28/2017
    • Peak on 07/28/2017
    • Support on 04/29/2015
    • Resistance on 04/13/2015
    • Resistance on 04/10/2015
    • Support on 03/10/2015
    • Resistance on 03/06/2015
    • Resistance on 03/05/2015
    • Trough on 03/27/2014
    • Trough on 03/24/2014
    • Trough on 03/21/2014
    • Trough on 03/20/2014
    • Trough on 03/19/2014
    • Support on 03/19/2014
    • Trough on 04/13/2012
  • Ending of entry zone (0.7960)
    • Resistance on 09/14/2017
    • Peak on 09/14/2017
    • Resistance on 04/29/2015
    • Resistance on 04/28/2015
    • Support on 04/28/2014
    • Support on 03/27/2014
    • Support on 03/04/2014
    • Support on 02/27/2014
    • Support on 02/24/2014
    • Support on 02/21/2014

Take Profits:

  1. 0.7730
  2. 0.7640
  3. 0.7540
  4. 0.7440
  5. 0.7275
  6. 0.7125
  7. 0.6970
  8. 0.6900
  9. 0.6805
Click on the level to view price action history.