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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup

#AUDCHF
Total Profit: 4904 pip
Closed trade(s): 1160 pip Profit
Open trade(s): 3744 pip Profit
_______________________________________________
Trade Setup:
We opened 13 SELL trade(s) @ 0.7715 (day close price) based on 'Peak' at 2017.02.24 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDCHF...

Closed Profit:
TP1 @ 0.7660 touched at 2017.03.02 with 55 pip Profit.
TP2 @ 0.7545 touched at 2017.03.24 with 170 pip Profit.
TP3 @ 0.7480 touched at 2017.03.27 with 235 pip Profit.
TP4 @ 0.7400 touched at 2017.04.27 with 315 pip Profit.
TP5 @ 0.7330 touched at 2017.05.04 with 385 pip Profit.
55 + 170 + 235 + 315 + 385 = 1160 pip

Open Profit:
Profit for one trade is 0.7715(open price) - 0.7247(current price) = 468 pip
8 trade(s) still open, therefore total profit for open trade(s) is 468 x 8 = 3744 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7735 to 0.7800). 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 (0.7735)
    • Resistance on 03/07/2017
    • Resistance on 02/28/2017
    • Support on 02/23/2017
    • Support on 02/22/2017
    • Peak on 03/16/2015
    • Resistance on 03/13/2015
    • Peak on 03/13/2015
    • Resistance on 03/12/2015
    • Peak on 03/12/2015
    • Support on 01/24/2014
  • Ending of entry zone (0.7800)
    • Resistance on 02/23/2017
    • Peak on 02/22/2017
    • Resistance on 02/22/2017

DateMay 20, 2017 - 21:25
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 peak is formed in daily chart at 0.7455 on 05/12/2017, so more losses to support(s) 0.7230, 0.7065, 0.6930 and more depths 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 31.

Take Profits:

  1. 0.7660
  2. 0.7545
  3. 0.7480
  4. 0.7400
  5. 0.7330
  6. 0.7230
  7. 0.7065
  8. 0.6930
  9. 0.6805
  10. 0.6700
  11. 0.6540
  12. 0.6035
Click on the level to view price action history.

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