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

Download MT4 template file

Trade Setup

#CADCHF
Total Profit: 3230 pip
Closed trade(s): 3230 pip Profit
Open trade(s): 0 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.
TP3 @ 0.7540 touched at 2018.02.02 with 254 pip Profit.
TP4 @ 0.7440 touched at 2018.02.05 with 354 pip Profit.
TP5 @ 0.7275 touched at 2018.03.02 with 519 pip Profit.
64 + 154 + 254 + 354 + 519 = 1345 pip

Closed Profit:
Profit for one trade is 0.7794(open price) - 0.7417(current price) = 377 pip
5 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 377 x 5 = 1885 pip
_______________________________________________

DateSat, 03/10/2018 - 18:44
Currentdowntrend
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • Although current trend is downtrend, but we forecast a uptrend wave would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 0.7225 on 03/06/2018, so more gains to resistance(s) 0.7440, 0.7485, 0.7570 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 50.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7345 to 0.7225), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7345)
    • Resistance on 03/02/2018
    • Support on 02/28/2018
    • Support on 02/27/2018
    • Support on 06/30/2017
    • Resistance on 06/27/2017
    • Resistance on 06/26/2017
    • Resistance on 06/23/2017
    • Resistance on 06/22/2017
    • Support on 06/20/2017
    • Resistance on 06/14/2017
    • Support on 05/11/2017
    • Resistance on 05/09/2017
    • Resistance on 04/27/2017
    • Resistance on 04/26/2017
    • Support on 04/24/2017
    • Support on 03/28/2017
    • Support on 03/27/2017
    • Support on 11/15/2016
    • Resistance on 11/11/2016
    • Resistance on 11/10/2016
    • Support on 10/28/2016
    • Support on 10/07/2016
    • Trough on 10/07/2016
    • Support on 09/30/2016
    • Support on 09/29/2016
    • Support on 09/28/2016
    • Support on 09/15/2016
    • Trough on 08/04/2016
    • Trough on 08/03/2016
    • Support on 08/03/2016
    • Support on 08/02/2016
    • Resistance on 04/08/2016
    • Support on 04/01/2016
    • Support on 03/28/2016
    • Support on 03/25/2016
    • Support on 03/24/2016
    • Support on 03/11/2016
    • Support on 03/10/2016
    • Resistance on 02/04/2016
    • Resistance on 02/01/2016
    • Support on 10/16/2015
    • Resistance on 09/28/2015
    • Resistance on 09/25/2015
    • Resistance on 09/22/2015
    • Resistance on 09/21/2015
    • Resistance on 09/18/2015
    • Support on 09/16/2015
    • Resistance on 09/14/2015
    • Resistance on 09/11/2015
    • Support on 09/09/2015
    • Resistance on 09/07/2015
    • Resistance on 09/02/2015
    • Resistance on 08/28/2015
    • Resistance on 08/27/2015
    • Support on 08/19/2015
    • Support on 08/04/2015
    • Support on 08/03/2015
    • Support on 07/31/2015
    • Support on 07/27/2015
    • Support on 07/24/2015
    • Support on 07/23/2015
    • Support on 07/15/2015
    • Support on 07/10/2015
    • Support on 02/12/2015
    • Support on 02/11/2015
    • Support on 02/10/2015
    • Support on 02/05/2015
    • Support on 02/04/2015
    • Support on 02/03/2015
    • Resistance on 01/30/2015
    • Resistance on 01/29/2015
    • Resistance on 01/28/2015
    • Resistance on 01/27/2015
  • Ending of entry zone (0.7225)
    • Support on 03/06/2018
    • Trough on 03/05/2018
    • Support on 03/05/2018
    • Resistance on 06/09/2017
    • Support on 05/30/2017
    • Support on 05/08/2017
    • Support on 05/03/2017
    • Support on 05/02/2017
    • Support on 11/09/2016
    • Support on 11/02/2016
    • Resistance on 02/24/2016
    • Resistance on 02/05/2016
    • Support on 02/03/2016
    • Support on 02/02/2016
    • Resistance on 01/28/2016
    • Resistance on 01/27/2016
    • Resistance on 01/26/2016
    • Resistance on 01/06/2016
    • Resistance on 01/05/2016
    • Resistance on 12/17/2015
    • Resistance on 12/16/2015
    • Resistance on 12/15/2015
    • Support on 12/10/2015
    • Support on 12/09/2015
    • Support on 09/30/2015
    • Support on 09/29/2015
    • Support on 09/02/2015
    • Support on 09/01/2015
    • Support on 08/31/2015

Take Profits:

  1. 0.7440
  2. 0.7485
  3. 0.7570
  4. 0.7640
  5. 0.7730
  6. 0.7960
Click on the level to view price action history.