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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup

#AUDCHF
Total Profit: 610 pip
Closed trade(s): 122 pip Profit
Open trade(s): 488 pip Profit
_______________________________________________
Trade Setup:
We opened 9 SELL trade(s) @ 0.7452 (day close price) based on 'Peak' at 2016.08.12 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDCHF...

Closed Profit:
TP1 @ 0.7330 touched at 2016.08.18 with 122 pip Profit.

Open Profit:
Profit for one trade is 0.7452(open price) - 0.7391(current price) = 61 pip
8 trade(s) still open, therefore total profit for open trade(s) is 61 x 8 = 488 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7480 to 0.7595). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (0.7480)
    • Resistance on 09/08/2016
    • Resistance on 09/06/2016
    • Resistance on 08/16/2016
    • Resistance on 08/15/2016
    • Resistance on 08/05/2016
    • Resistance on 07/27/2016
    • Resistance on 07/26/2016
    • Resistance on 07/18/2016
    • Resistance on 07/15/2016
    • Support on 04/20/2016
    • Resistance on 04/18/2016
    • Resistance on 04/15/2016
    • Resistance on 03/14/2016
    • Resistance on 03/10/2016
    • Resistance on 03/09/2016
    • Resistance on 12/03/2015
    • Resistance on 05/14/2015
    • Peak on 05/14/2015
    • Resistance on 05/13/2015
    • Support on 04/28/2015
    • Resistance on 04/24/2015
    • Resistance on 04/20/2015
    • Resistance on 04/17/2015
    • Resistance on 04/16/2015
    • Support on 03/26/2015
    • Resistance on 02/26/2015
    • Resistance on 02/25/2015
    • Resistance on 02/20/2015
  • Ending of entry zone (0.7595)
    • Peak on 04/21/2016
    • Resistance on 04/21/2016
    • Resistance on 04/20/2016

DateSeptember 24, 2016 - 18:17
Currentrange bound
Forecastbeginning of downtrend

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:

  • A trough is formed in daily chart at 0.7245 on 09/15/2016, so more gains maximum to Trend Hunter Sell Zone (0.7480 to 0.7595) 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. 0.7330
  2. 0.7230
  3. 0.7065
  4. 0.6930
  5. 0.6805
  6. 0.6700
  7. 0.6540
  8. 0.6035
Click on the level to view price action history.

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