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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.8635 to 0.8685). 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 (0.8635)
    • Resistance on 11/24/2014
    • Resistance on 11/21/2014
    • Peak on 10/08/2014
    • Peak on 10/07/2014
    • Peak on 10/06/2014
    • Resistance on 10/06/2014
    • Support on 11/04/2011
    • Support on 10/28/2011
    • Support on 10/27/2011
    • Support on 10/17/2011
    • Support on 10/03/2011
    • Support on 09/30/2011
  • Ending of entry zone (0.8685)
    • Support on 11/21/2013
    • Support on 11/20/2013
    • Support on 11/19/2013
    • Support on 11/01/2013
    • Support on 10/22/2013
    • Trough on 10/11/2013
    • Trough on 10/08/2013
    • Trough on 10/07/2013
    • Trough on 10/04/2013
    • Support on 10/04/2013
    • Trough on 10/03/2013
    • Support on 10/03/2013

DateDecember 20, 2014 - 12:32
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 0.8195 on 12/18/2014, so more gains to resistance(s) 0.8525, 0.8575 and maximum to Trend Hunter Sell Zone (0.8635 to 0.8685) 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. 0.8480
  2. 0.8420
  3. 0.8335
  4. 0.8250
  5. 0.8185
  6. 0.8115
  7. 0.8045
  8. 0.7965
  9. 0.7895
  10. 0.7805
  11. 0.7710
Click on the level to view price action history.