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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup

#AUDCHF
Total Profit: 9670 pip
Closed trade(s): 1195 pip Profit
Open trade(s): 8475 pip Profit
_______________________________________________
Trade Setup:
We opened 19 BUY trade(s) @ 0.6840 (day close price) based on 'Hammer' at 2015.10.02 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDCHF...

Closed Profit:
TP1 @ 0.6930 touched at 2015.10.06 with 90 pip Profit.
TP2 @ 0.7065 touched at 2015.10.12 with 225 pip Profit.
TP3 @ 0.7230 touched at 2015.11.17 with 390 pip Profit.
TP4 @ 0.7330 touched at 2015.11.20 with 490 pip Profit.
90 + 225 + 390 + 490 = 1195 pip

Open Profit:
Profit for one trade is 0.7405(current price) - 0.6840(open price) = 565 pip
15 trade(s) still open, therefore total profit for open trade(s) is 565 x 15 = 8475 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.6760 to 0.6540). 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 (0.6760)
    • Support on 10/02/2015
    • Support on 09/29/2015
    • Support on 09/24/2015
    • Support on 09/10/2015
  • Ending of entry zone (0.6540)
    • Trough on 08/26/2015
    • Trough on 08/25/2015
    • Trough on 08/24/2015
    • Support on 08/24/2015

DateNovember 28, 2015 - 21:19
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 0.6990 on 11/02/2015, so more gains to resistance(s) 0.7480, 0.7665, 0.7835 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 73.

Take Profits:

  1. 0.6930
  2. 0.7065
  3. 0.7230
  4. 0.7330
  5. 0.7480
  6. 0.7665
  7. 0.7835
  8. 0.8200
  9. 0.8470
  10. 0.8675
  11. 0.8880
  12. 0.9065
  13. 0.9255
  14. 0.9540
  15. 0.9730
  16. 0.9970
  17. 1.0150
  18. 1.0340
Click on the level to view price action history.

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