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Trend Hunter performance since 2015 for this symbol

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Weekly forecast US Dollar / Swiss Franc technical chart

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Trade Setup
Total Profit: 807 pip
Closed trade(s): 58 pip Profit
Open trade(s): 749 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 0.9948 based on 'Peak' at 2019.10.16 signaled by DTO:

Closed Profit:
TP1 @ 0.9890 touched at 2019.10.17 with 58 pip Profit.

Open Profit:
Profit for one trade is 0.9948(open price) - 0.9840(current price) = 107 pip
7 trade(s) still open, therefore total profit for open trade(s) is 107 x 7 = 749 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, 10/19/2019 - 19:20
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 1.0220, beginning of downtrend is expected.
  • We make sure when the support at 0.9670 breaks.
  • If the resistance at 1.0220 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI bounced from the resistance #1 at 60 and it prevented price from more gains.
  • The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 0.9995 on 10/15/2019, so more losses to support(s) 0.9840, 0.9785 and minimum to Major Support (0.9670) 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 39.

Take Profits:

  1. 0.9890
  2. 0.9840
  3. 0.9785
  4. 0.9670
  5. 0.9550
  6. 0.9390
  7. 0.9185
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) Sat, 22 Feb 2020
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