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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: 2599 pip
Closed trade(s): 685 pip Profit
Open trade(s): 1914 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) - 1.3057(current price) = 319 pip
6 trade(s) still open, therefore total profit for open trade(s) is 319 x 6 = 1914 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.
  • If the Midterm level 1.3240 is broken, we will close open trades.

DateSat, 07/20/2019 - 15:25
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBullish

Midterm forecast:

  • 1.3240 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 1.3240 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.3241 on 06/10/2019, so more gains to resistance(s) 1.3070, 1.3135, 1.3180 and maximum to Major Resistance (1.3240) 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 40.

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.