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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
Symbol USDCHF

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Trade Setup
#USDCHF
Total Profit: 1408 pip
Closed trade(s): 856 pip Profit
Open trade(s): 552 pip Profit

Trade Setup:
We opened 12 SELL trade(s) @ 1.0069 (day close price) based on 'Two-day reversal candle (Shooting Star)' at 2018.11.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.9985 touched at 2018.11.19 with 84 pip Profit.
TP2 @ 0.9865 touched at 2018.12.11 with 204 pip Profit.
TP3 @ 0.9815 touched at 2018.12.28 with 254 pip Profit.
TP4 @ 0.9755 touched at 2019.01.09 with 314 pip Profit.
84 + 204 + 254 + 314 = 856 pip

Open Profit:
Profit for one trade is 1.0069(open price) - 1.0000(current price) = 69 pip
8 trade(s) still open, therefore total profit for open trade(s) is 69 x 8 = 552 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, 02/09/2019 - 23:13
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.9905 on 01/28/2019, so more gains maximum to Trend Hunter Sell Zone (1.0050 to 1.0095) 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 59.

Take Profits:

  1. 0.9985
  2. 0.9865
  3. 0.9815
  4. 0.9755
  5. 0.9660
  6. 0.9540
  7. 0.9440
  8. 0.9185
  9. 0.8700
  10. 0.7755
  11. 0.7065
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar vs. Swiss Franc (USDCHF) Sat, 13 Apr 2019
US Dollar vs. Swiss Franc (USDCHF) free Sat, 6 Apr 2019
US Dollar vs. Swiss Franc (USDCHF) Sat, 30 Mar 2019
US Dollar vs. Swiss Franc (USDCHF) free Sat, 23 Mar 2019
US Dollar vs. Swiss Franc (USDCHF) free Sat, 16 Mar 2019