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: 4954 pip
Closed trade(s): 934 pip Profit
Open trade(s): 4020 pip Profit
_______________________________________________
Trade Setup:
We opened 10 BUY trade(s) @ 1.2424 (day close price) based on 'Peak' at 2018.02.02 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 1.2465 touched at 2018.02.05 with 41 pip Profit.
TP2 @ 1.2590 touched at 2018.02.08 with 166 pip Profit.
TP3 @ 1.2665 touched at 2018.02.09 with 241 pip Profit.
TP4 @ 1.2910 touched at 2018.03.02 with 486 pip Profit.
41 + 166 + 241 + 486 = 934 pip

Open Profit:
Profit for one trade is 1.3094(current price) - 1.2424(open price) = 670 pip
6 trade(s) still open, therefore total profit for open trade(s) is 670 x 6 = 4020 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.
  • If the Midterm level 1.27750 is broken, we will close open trades.

DateMarch 17, 2018 - 11:38
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.27750 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.27750 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.2805 on 03/12/2018, so more gains to resistance(s) 1.3185, 1.3315, 1.3795 and more heights 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 72.

Take Profits:

  1. 1.2465
  2. 1.2590
  3. 1.2665
  4. 1.2910
  5. 1.3185
  6. 1.3315
  7. 1.3795
  8. 1.4200
  9. 1.4690
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Canadian Dollar (USDCAD) Sat, 23 Mar 2024
US Dollar / Canadian Dollar (USDCAD) free Sun, 17 Mar 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 9 Mar 2024
US Dollar / Canadian Dollar (USDCAD) Sat, 2 Mar 2024
US Dollar / Canadian Dollar (USDCAD) Sun, 25 Feb 2024