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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trade Setup
#CADCHF
Total Profit: 197 pip
Closed trade(s): 11 pip Profit
Open trade(s): 186 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) - 0.7535(current price) = 31 pip
6 trade(s) still open, therefore total profit for open trade(s) is 31 x 6 = 186 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.

DateSat, 05/11/2019 - 18:51
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

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) 0.7515, 0.7460, 0.7365 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 47.

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.