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Weekly forecast Canadian Dollar / 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
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7805 to 0.7960). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell 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

DateDecember 2, 2017 - 16:15
Currentrange bound
Forecastbeginning of downtrend

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.

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.