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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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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
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.7345 to 0.7225). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy 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

DateMarch 10, 2018 - 18:44
Currentdowntrend
Forecastbeginning of uptrend

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.

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.