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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: -770 pip
Closed trade(s): 0 pip Profit
Open trade(s): -770 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 1.3387 (day close price) based on 'Peak' at 2019.04.30 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Open Profit:
Profit for one trade is 1.3387(open price) - 1.3464(current price) = -77 pip
10 trade(s) still open, therefore total profit for open trade(s) is -77 x 10 = -770 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.

DateSat, 05/18/2019 - 21:56
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 1.3665, beginning of downtrend is expected.
  • We make sure when the support at 1.3070 breaks.
  • If the resistance at 1.3665 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1.3505 on 05/09/2019, so more losses to support(s) 1.3450, 1.3375, 1.3330 and minimum to Major Support (1.3070) 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 55.

Take Profits:

  1. 1.3330
  2. 1.3280
  3. 1.3180
  4. 1.3070
  5. 1.2915
  6. 1.2775
  7. 1.2525
  8. 1.2250
  9. 1.2060
Click on the level to view price action history.