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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trade Setup
#CADCHF
Total Profit: 339 pip
Closed trade(s): 49 pip Profit
Open trade(s): 290 pip Profit

Trade Setup:
We opened 6 SELL trade(s) @ 0.7509 (day close price) based on 'Peak' at 2019.03.15.

Closed Profit:
TP1 @ 0.7460 touched at 2019.03.20 with 49 pip Profit.

Open Profit:
Profit for one trade is 0.7509(open price) - 0.7451(current price) = 58 pip
5 trade(s) still open, therefore total profit for open trade(s) is 58 x 5 = 290 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.
DateMarch 30, 2019 - 15:21
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:

  • While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.7385 on 03/25/2019, so more gains to resistance(s) 0.7460, 0.7515 and maximum to Trend Hunter Sell Zone (0.7555 to 0.7620) 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 45.

Take Profits:

  1. 0.7460
  2. 0.7365
  3. 0.7315
  4. 0.7175
  5. 0.7125
Click on the level to view price action history.
Symbol Released Current Forecast
Canadian Dollar / Swiss Franc (CADCHF) Sun, 14 Apr 2024
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Canadian Dollar / Swiss Franc (CADCHF) Sun, 24 Mar 2024
Canadian Dollar / Swiss Franc (CADCHF) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on CADCHF.