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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trade Setup

#CADCHF
Total Profit: 380 pip
Closed trade(s): 0 pip Profit
Open trade(s): 380 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 0.7794 (day close price) based on 'Peak' at 2018.01.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Open Profit:
Profit for one trade is 0.7794(open price) - 0.7756(current price) = 38 pip
10 trade(s) still open, therefore total profit for open trade(s) is 38 x 10 = 380 pip
_______________________________________________

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJanuary 13, 2018 - 18:03
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 peak is formed in daily chart at 0.7910 on 01/09/2018, so more losses to support(s) 0.7730, 0.7640, 0.7540 and more depths 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 48.

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.