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Weekly forecast Australian Dollar / Canadian Dollar technical chart
Symbol AUDCAD

Download MT4 template file

Trade Setup

#AUDCAD
Total Profit: 4102 pip
Closed trade(s): 1750 pip Profit
Open trade(s): 2352 pip Profit
_______________________________________________
Trade Setup:
We opened 13 BUY trade(s) @ 0.9459 (day close price) based on 'Valley' at 2014.12.29 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDCAD...

Closed Profit:
TP1 @ 0.9590 touched at 2015.01.06 with 131 pip Profit.
TP2 @ 0.9705 touched at 2015.01.09 with 246 pip Profit.
TP3 @ 0.9780 touched at 2015.01.13 with 321 pip Profit.
TP4 @ 0.9925 touched at 2015.01.21 with 466 pip Profit.
TP5 @ 1.0045 touched at 2015.01.21 with 586 pip Profit.
131 + 246 + 321 + 466 + 586 = 1750 pip

Open Profit:
Profit for one trade is 0.9753(current price) - 0.9459(open price) = 294 pip
8 trade(s) still open, therefore total profit for open trade(s) is 294 x 8 = 2352 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.9445 to 0.9410). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.9445)
    • Support on 12/11/2014
    • Support on 12/09/2014
    • Support on 12/27/2013
    • Support on 12/26/2013
    • Support on 12/23/2013
  • Ending of entry zone (0.9410)
    • Support on 12/26/2014
    • Support on 12/24/2014
    • Support on 12/23/2014
    • Trough on 01/10/2014
    • Trough on 01/08/2014
    • Trough on 01/07/2014
    • Trough on 01/06/2014
    • Trough on 01/03/2014
    • Support on 01/02/2014
    • Trough on 01/02/2014
    • Support on 09/02/2013
    • Resistance on 08/30/2013
    • Resistance on 08/29/2013
    • Support on 08/20/2013
    • Support on 08/19/2013
    • Support on 08/16/2013
    • Support on 08/15/2013
    • Support on 08/14/2013
    • Support on 08/13/2013
    • Support on 08/12/2013
    • Resistance on 08/08/2013
    • Support on 07/25/2013
    • Support on 07/15/2013
    • Support on 08/31/2010
    • Resistance on 08/25/2010
    • Resistance on 08/24/2010
    • Resistance on 08/23/2010
    • Resistance on 08/12/2010
    • Resistance on 05/06/2010
    • Resistance on 05/03/2010
    • Resistance on 04/30/2010
    • Resistance on 04/20/2010
    • Resistance on 04/12/2010
    • Resistance on 03/11/2010
    • Resistance on 03/10/2010
    • Resistance on 03/02/2010
    • Resistance on 02/18/2010
    • Resistance on 02/17/2010
    • Resistance on 02/11/2010
    • Support on 02/01/2010
    • Support on 01/04/2010
    • Support on 10/09/2009
    • Resistance on 10/05/2009
    • Support on 10/01/2009
    • Support on 09/30/2009
    • Support on 09/28/2009
    • Support on 09/25/2009
DateMarch 21, 2015 - 21:48
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 0.9625 on 03/12/2015, so more gains to resistance(s) 0.9780, 0.9925, 1.0045 and more heights 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 52.

Take Profits:

  1. 0.9590
  2. 0.9705
  3. 0.9780
  4. 0.9925
  5. 1.0045
  6. 1.0220
  7. 1.0335
  8. 1.0440
  9. 1.0520
  10. 1.0595
  11. 1.0715
  12. 1.0780
Click on the level to view price action history.
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History
Daily-Trading-Opportunities on AUDCAD.