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Trend Hunter performance since 2015 for this symbol

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Weekly forecast US Dollar vs. Canadian Dollar technical chart
Symbol USDCAD

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Trade Setup
#USDCAD
Total Profit: 33 pip
Closed trade(s): 33 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.3213 based on 'Peak' at 2019.01.25 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 1.3180 touched at 2019.01.30 with 33 pip Profit.

7 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.3360 to 1.3445). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.3360)
    • Resistance on 09/24/2015
    • Resistance on 09/25/2015
    • Resistance on 11/16/2015
    • Resistance on 11/18/2015
    • Resistance on 11/20/2015
    • Resistance on 12/02/2015
    • Resistance on 12/03/2015
    • Support on 12/07/2015
    • Support on 03/03/2016
    • Resistance on 03/10/2016
    • Resistance on 03/11/2016
    • Resistance on 03/15/2016
    • Resistance on 03/16/2016
    • Resistance on 10/21/2016
    • Resistance on 10/24/2016
    • Resistance on 10/25/2016
    • Support on 11/01/2016
    • Support on 11/02/2016
    • Support on 11/03/2016
    • Support on 11/30/2016
    • Resistance on 12/15/2016
    • Resistance on 12/16/2016
    • Support on 12/21/2016
    • Resistance on 01/19/2017
    • Resistance on 01/20/2017
    • Resistance on 03/01/2017
    • Resistance on 03/22/2017
    • Resistance on 03/23/2017
    • Resistance on 03/30/2017
    • Resistance on 03/31/2017
    • Support on 04/07/2017
    • Resistance on 06/22/2018
    • Resistance on 06/27/2018
    • Peak on 11/28/2018
    • Resistance on 11/28/2018
    • Resistance on 12/05/2018
    • Resistance on 12/13/2018
    • Resistance on 01/22/2019
    • Resistance on 01/23/2019
    • Resistance on 01/24/2019
    • Resistance on 01/25/2019
  • Ending of entry zone (1.3445)
    • Resistance on 09/29/2015
    • Resistance on 11/23/2015
    • Resistance on 03/04/2016
    • Resistance on 03/09/2016
    • Resistance on 10/28/2016
    • Resistance on 11/04/2016
    • Resistance on 11/09/2016
    • Support on 11/11/2016
    • Support on 11/15/2016
    • Support on 11/16/2016
    • Support on 11/17/2016
    • Support on 11/25/2016
    • Resistance on 12/01/2016
    • Resistance on 12/20/2016
    • Resistance on 01/04/2017
    • Resistance on 03/03/2017
    • Resistance on 03/07/2017
    • Support on 03/10/2017
    • Support on 03/13/2017
    • Support on 03/14/2017
    • Resistance on 04/04/2017
    • Resistance on 04/05/2017
    • Resistance on 04/06/2017
    • Support on 05/29/2017
    • Support on 05/30/2017
    • Support on 05/31/2017
    • Support on 06/06/2017
    • Support on 06/07/2017
    • Support on 06/09/2017
    • Peak on 12/06/2018
    • Resistance on 12/06/2018

DateSat, 02/09/2019 - 23:08
Currentrange bound
Forecastcontinuation of downtrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.3665 would begin in Midterm.

Technical analysis:

  • The RSI support #1 at 52 is broken, so the probability of continuation of downtrend is increased.
  • A trough is formed in daily chart at 1.3070 on 02/01/2019, so more gains to resistance(s) 1.3360, 1.3445, 1.3560 and maximum to Major Resistance (1.3665) 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 51.

Take Profits:

  1. 1.3180
  2. 1.3050
  3. 1.2915
  4. 1.2775
  5. 1.2525
  6. 1.2250
  7. 1.2060
Click on the level to view price action history.