website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

Download MT4 template file

Trade Setup

#CADCHF
Total Profit: 1970 pip
Closed trade(s): 218 pip Profit
Open trade(s): 1752 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...

Closed Profit:
TP1 @ 0.7730 touched at 2018.01.15 with 64 pip Profit.
TP2 @ 0.7640 touched at 2018.01.24 with 154 pip Profit.
64 + 154 = 218 pip

Open Profit:
Profit for one trade is 0.7794(open price) - 0.7575(current price) = 219 pip
8 trade(s) still open, therefore total profit for open trade(s) is 219 x 8 = 1752 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 28, 2018 - 10:30
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 a downtrend wave below 0.76800 would begin in Midterm.

Technical analysis:

  • A peak is formed in daily chart at 0.7910 on 01/09/2018, so more losses to support(s) 0.7540, 0.7440, 0.7275 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 31.

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.