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Trend Hunter performance since 2015 for this symbol

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Weekly forecast US Dollar vs. 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 vs. Swiss Franc (USDCHF) Sat, 9 Nov 2019
US Dollar vs. Swiss Franc (USDCHF) Sat, 2 Nov 2019
US Dollar vs. Swiss Franc (USDCHF) Sat, 26 Oct 2019
US Dollar vs. Swiss Franc (USDCHF) free Sat, 19 Oct 2019
US Dollar vs. Swiss Franc (USDCHF) Sat, 12 Oct 2019