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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup

#AUDCHF
Total Profit: 4780 pip
Closed trade(s): 1490 pip Profit
Open trade(s): 3290 pip Profit
_______________________________________________
Trade Setup:
We opened 19 BUY trade(s) @ 0.6909 (day close price) based on 'Hammer' at 2016.02.11 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDCHF...

Closed Profit:
TP1 @ 0.6930 touched at 2016.02.12 with 21 pip Profit.
TP2 @ 0.7065 touched at 2016.02.15 with 156 pip Profit.
TP3 @ 0.7230 touched at 2016.02.22 with 321 pip Profit.
TP4 @ 0.7330 touched at 2016.03.04 with 421 pip Profit.
TP5 @ 0.7480 touched at 2016.03.09 with 571 pip Profit.
21 + 156 + 321 + 421 + 571 = 1490 pip

Open Profit:
Profit for one trade is 0.7144(current price) - 0.6909(open price) = 235 pip
14 trade(s) still open, therefore total profit for open trade(s) is 235 x 14 = 3290 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.6805 to 0.6700). 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 (0.6805)
    • Support on 02/11/2016
    • Support on 02/09/2016
    • Trough on 01/15/2016
    • Support on 01/15/2016
    • Support on 10/02/2015
    • Support on 10/01/2015
    • Support on 09/25/2015
    • Support on 09/24/2015
  • Ending of entry zone (0.6700)
    • Support on 09/07/2015
    • Trough on 09/04/2015
    • Support on 09/04/2015
    • Trough on 09/03/2015
    • Trough on 09/02/2015
    • Support on 09/02/2015

DateMay 28, 2016 - 15:07
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 0.7065 on 05/16/2016, so more gains to resistance(s) 0.7230, 0.7330, 0.7480 and more heights 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 43.

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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