website utilities

Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast British Pound vs. Canadian Dollar technical chart

Download MT4 template file

Trade Setup
Total Profit: -160 pip
Closed trade(s): 0 pip Profit
Open trade(s): -160 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.6341 (day close price) based on 'Valley' at 2019.07.18 signaled by DTO:

Open Profit:
Profit for one trade is 1.6326(current price) - 1.6341(open price) = -16 pip
10 trade(s) still open, therefore total profit for open trade(s) is -16 x 10 = -160 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 07/20/2019 - 15:52
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.5735, beginning of uptrend is expected.
  • We make sure when the resistance at 1.6585 breaks.
  • If the support at 1.5735 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 22 and it prevented price from more losses.
  • The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI resistance #3 at 43 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.6145 on 07/15/2019, so more gains to resistance(s) 1.6420 and maximum to Major Resistance (1.6585) 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 33.

Take Profits:

  1. 1.6420
  2. 1.6585
  3. 1.6770
  4. 1.6975
  5. 1.7135
  6. 1.7315
  7. 1.7535
  8. 1.7725
  9. 1.8415
Click on the level to view price action history.