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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. Swiss Franc technical chart

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Trade Setup
Total Profit: 470 pip
Closed trade(s): 119 pip Profit
Open trade(s): 351 pip Profit

Trade Setup:
We opened 5 SELL trade(s) @ 1.1397 (day close price) based on 'Two-day reversal candle (Shooting star)' at 2019.05.01 signaled by DTO:

Closed Profit:
TP1 @ 1.1355 touched at 2019.05.06 with 42 pip Profit.
TP2 @ 1.1320 touched at 2019.05.13 with 77 pip Profit.
42 + 77 = 119 pip

Open Profit:
Profit for one trade is 1.1397(open price) - 1.1280(current price) = 117 pip
3 trade(s) still open, therefore total profit for open trade(s) is 117 x 3 = 351 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.
  • If the Midterm level 1.1355 is broken, we will close open trades.

DateSat, 05/18/2019 - 11:05
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 a downtrend wave below 1.1355 would begin in Midterm.
  • We will close our open trades, if the Midterm level 1.1355 is broken.

Technical analysis:

  • A peak is formed in daily chart at 1.1445 on 04/30/2019, so more losses to support(s) 1.1225, 1.1160, 1.1000 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 38.

Take Profits:

  1. 1.1355
  2. 1.1320
  3. 1.1225
  4. 1.1160
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. Swiss Franc (EURCHF) new Sat, 14 Sep 2019
Euro vs. Swiss Franc (EURCHF) Sat, 7 Sep 2019
Euro vs. Swiss Franc (EURCHF) Sat, 31 Aug 2019
Euro vs. Swiss Franc (EURCHF) Sat, 24 Aug 2019
Euro vs. Swiss Franc (EURCHF) Sat, 17 Aug 2019