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Weekly forecast 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
Open0.7703
High0.7747 on Fri, 12/01/2017 - 15:30
Low0.7615 on Thu, 11/30/2017 - 18:30 (Trough)
Close0.7685
Description

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

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.

Take Profits:

  1. 0.7730
    • Resistance on 12/01/2017
    • Resistance on 11/27/2017
    • Support on 11/22/2017
    • Support on 11/21/2017
    • Support on 11/20/2017
    • Support on 11/17/2017
    • Support on 11/15/2017
    • Support on 11/01/2017
    • Support on 10/31/2017
    • Support on 10/26/2017
    • Support on 10/25/2017
    • Trough on 09/29/2017
    • Support on 09/29/2017
    • Resistance on 09/05/2017
    • Resistance on 09/04/2017
    • Resistance on 08/22/2017
    • Resistance on 08/04/2017
    • Resistance on 08/03/2017
    • Support on 07/31/2017
    • Resistance on 02/15/2017
    • Resistance on 01/12/2017
    • Resistance on 01/11/2017
    • Resistance on 12/16/2016
    • Resistance on 12/15/2016
    • Resistance on 12/13/2016
    • Resistance on 12/09/2016
    • Resistance on 04/28/2016
    • Resistance on 04/27/2016
    • Resistance on 04/26/2016
    • Resistance on 04/25/2016
    • Resistance on 04/22/2016
    • Resistance on 12/02/2015
    • Resistance on 12/01/2015
    • Resistance on 11/30/2015
    • Resistance on 11/27/2015
    • Peak on 05/01/2015
    • Support on 04/15/2015
    • Resistance on 04/08/2015
    • Resistance on 04/07/2015
    • Resistance on 03/27/2015
    • Resistance on 03/26/2015
    • Resistance on 03/24/2015
    • Support on 03/20/2015
    • Support on 03/18/2015
  2. 0.7640
    • Resistance on 08/15/2017
    • Resistance on 08/14/2017
    • Resistance on 07/26/2017
  3. 0.7540
    • Support on 08/11/2017
    • Support on 07/20/2017
    • Support on 07/19/2017
    • Support on 07/18/2017
    • Support on 07/13/2017
    • Resistance on 04/18/2017
    • Support on 04/13/2017
    • Resistance on 04/07/2017
    • Resistance on 04/03/2017
    • Resistance on 03/31/2017
    • Support on 03/07/2017
    • Support on 03/01/2017
    • Support on 02/28/2017
    • Support on 02/08/2017
    • Trough on 02/08/2017
    • Support on 12/30/2016
    • Peak on 08/16/2016
    • Peak on 08/15/2016
    • Peak on 07/02/2015
    • Peak on 07/01/2015
  4. 0.7440
    • Support on 07/12/2017
    • Resistance on 07/06/2017
    • Support on 04/18/2017
    • Support on 04/04/2017
    • Resistance on 03/24/2017
    • Support on 03/21/2017
    • Support on 11/18/2016
    • Resistance on 10/28/2016
    • Support on 10/25/2016
    • Support on 10/24/2016
    • Support on 10/21/2016
    • Resistance on 10/07/2016
    • Resistance on 10/04/2016
    • Resistance on 10/03/2016
    • Resistance on 09/29/2016
    • Resistance on 09/23/2016
    • Resistance on 09/22/2016
    • Resistance on 09/21/2016
    • Resistance on 09/19/2016
    • Resistance on 09/14/2016
    • Support on 09/12/2016
    • Support on 08/24/2016
    • Support on 08/19/2016
    • Resistance on 08/01/2016
    • Support on 07/28/2016
    • Support on 07/26/2016
    • Support on 06/27/2016
    • Support on 06/24/2016
    • Support on 06/23/2016
    • Support on 06/15/2016
    • Support on 04/18/2016
  5. 0.7275
    • Support on 06/28/2017
    • Support on 06/27/2017
    • Resistance on 06/12/2017
    • Resistance on 05/30/2017
    • Peak on 05/30/2017
    • Resistance on 05/24/2017
    • Support on 05/12/2017
    • Support on 04/28/2017
    • Support on 04/27/2017
    • Support on 11/11/2016
    • Support on 11/09/2016
    • Support on 11/08/2016
    • Resistance on 11/04/2016
    • Support on 11/01/2016
    • Support on 04/06/2016
  6. 0.7125
    • Support on 06/09/2017
    • Support on 06/08/2017
    • Support on 06/07/2017
    • Trough on 06/02/2017
    • Support on 06/02/2017
    • Support on 11/09/2016
  7. 0.6970
    • Support on 02/12/2016
    • Support on 02/11/2016
    • Support on 02/10/2016
    • Resistance on 01/19/2016
    • Support on 01/14/2016
    • Support on 01/11/2016
    • Trough on 08/26/2015
    • Trough on 08/25/2015
    • Trough on 08/24/2015
    • Support on 08/24/2015
  8. 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
  9. 0.6805
    • Support on 01/20/2016

Latest forecasts
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