website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
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 US Dollar / Canadian Dollar technical chart
Symbol USDCAD

Download MT4 template file

Trade Setup
#USDCAD
Total Profit: 1225 pip
Closed trade(s): 685 pip Profit
Open trade(s): 540 pip Profit

Trade Setup:
We opened 11 SELL trade(s) @ 1.3376 (day close price) based on 'Peak' at 2019.06.18 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 1.3375 touched at 2019.06.19 with 1 pip Profit.
TP2 @ 1.3330 touched at 2019.06.19 with 46 pip Profit.
TP3 @ 1.3240 touched at 2019.06.20 with 136 pip Profit.
TP4 @ 1.3180 touched at 2019.06.20 with 196 pip Profit.
TP5 @ 1.3070 touched at 2019.06.28 with 306 pip Profit.
1 + 46 + 136 + 196 + 306 = 685 pip

Open Profit:
Profit for one trade is 1.3376(open price) - 1.3286(current price) = 90 pip
6 trade(s) still open, therefore total profit for open trade(s) is 90 x 6 = 540 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.
DateAugust 24, 2019 - 20:21
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.30150 would begin in Midterm.

Technical analysis:

  • A peak is formed in daily chart at 1.3345 on 08/20/2019, so more losses to support(s) 1.3240, 1.3180, 1.3135 and minimum to Major Support (1.3015) 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 56.

Take Profits:

  1. 1.3375
  2. 1.3330
  3. 1.3240
  4. 1.3180
  5. 1.3070
  6. 1.2915
  7. 1.2775
  8. 1.2525
  9. 1.2250
  10. 1.2060
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Canadian Dollar (USDCAD) Sun, 14 Apr 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 6 Apr 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 30 Mar 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 23 Mar 2024
US Dollar / Canadian Dollar (USDCAD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on USDCAD.