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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

Download MT4 template file

Trade Setup
#CADCHF
Total Profit: 44 pip
Closed trade(s): 44 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 0.7599 based on 'Shooting star' at 2019.04.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 0.7555 touched at 2019.04.24 with 44 pip Profit.

6 other break-even trades closed at entry price, therefore no profit no loss.
#CADCHF
Total Profit: -13 pip
Closed trade(s): 11 pip Profit
Open trade(s): -24 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 0.7566 based on 'Two-day reversal candle(Shooting star)' at 2019.05.01 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/C...

Closed Profit:
TP1 @ 0.7555 touched at 2019.05.02 with 11 pip Profit.

Open Profit:
Profit for one trade is 0.7566(open price) - 0.7570(current price) = -4 pip
6 trade(s) still open, therefore total profit for open trade(s) is -4 x 6 = -24 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.
DateMay 4, 2019 - 17:20
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:

  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • A peak is formed in daily chart at 0.7620 on 05/01/2019, so more losses to support(s) 0.7555, 0.7515, 0.7460 and more depths 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 54.

Take Profits:

  1. 0.7555
  2. 0.7460
  3. 0.7365
  4. 0.7315
  5. 0.7175
  6. 0.7125
Click on the level to view price action history.
Symbol Released Current Forecast
Canadian Dollar / Swiss Franc (CADCHF) Sun, 14 Apr 2024
Canadian Dollar / Swiss Franc (CADCHF) free Sun, 7 Apr 2024
Canadian Dollar / Swiss Franc (CADCHF) free Sun, 31 Mar 2024
Canadian Dollar / Swiss Franc (CADCHF) Sun, 24 Mar 2024
Canadian Dollar / Swiss Franc (CADCHF) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on CADCHF.