EURCAD Update: Profit=14520 SL=3200 Reward/Risk > 4.5:1 Trade Setup summary:
Profit targets=14520 pip (620 + 1480 + 2420 + 3350 + 6650)
Stop Loss =3200 pip
Reward/Risk > 4.5: 1
Current Status:
Total Profit: 3740 pip
Closed trade(s): 1260 pip Profit
Open trade(s): 2480 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.5784 based on 'previous Forecast' at 2020.08.06 :
Closed Profit:
TP1 @ 1.5658 touched at 2020.08.10 with 1260 pip Profit.
Open Profit:
Profit for one trade is 1.56580(current price) - 1.5720(open price) = 620 pip
4 trade(s) still open, therefore total profit for open trade(s) is 620 x 4 = 2480 pip
Technical analysis:
. EURCAD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 29 .
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5720) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 1.5658
TP2= @ 1.5572
TP3= @ 1.5478
TP4= @ 1.5385
TP5= @ 1.5055
SL= Break above 1.5784
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GBPCAD Update: Profit=14920 SL=3000 Reward/Risk > 4.9 :1 Trade Setup summary:
Profit targets=14920 pip (750 + 1230 + 2690 + 3850 + 6400)
Stop Loss =3000 pip
Reward/Risk > 4.9: 1
Current Status:
Total Profit: 3588 pip
Closed trade(s): 1980 pip Profit
Open trade(s): 1608 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.74050 based on 'previous Forecast' at 2020.08.05 :
Closed Profit:
TP1 @ 1.7480 touched at 2020.08.06 with 750 pip Profit.
TP2 @ 1.7528 touched at 2020.08.06 with 1230 pip Profit.
750 + 1230 = 1980
Open Profit:
Profit for one trade is 1.74586(current price) - 1.74050(open price) = 536 pip
3 trade(s) still open, therefore total profit for open trade(s) is 536 x 3 = 1608 pip
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (1.7405) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 1.7480
TP2= @ 1.7528
TP3= @ 1.7674
TP4= @ 1.7790
TP5= @ 1.8045
SL= Break below S2
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DASHUSD Update: Profit=452310 SL=15356 Reward/Risk> 29.4:1 Trade Setup summary:
Profit targets=452310 pip (1380 + 2180 + 5100 + 7605 + 11845 + 19465 + 33355 + 55640 + 73725 + 91790+ 150225)
Stop Loss =15356 pip
Reward/Risk > 29.4 : 1
Current Status:
Total Profit: 12579 pip
Closed trade(s): 809 pip Profit
Open trade(s): 11770 pip Profit
Trade Setup:
We opened 12 BUY trade(s) @ 71.81 based on 'Valley' entry method at 2020.07.22.
Closed Profit:
TP1 @ 79.90 touched at 2020.07.28 with 809 pip Profit.
Open Profit:
Profit for one trade is 82.51(current price) - 71.81(open price) = 1070 pip
11 trade(s) still open, therefore total profit for open trade(s) is 1070 x 11 = 11770 pip
Break Even 71.81
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (66.10 - 57.90) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. DASHUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1: 79.90
TP2: 87.90
TP3: 117.10
TP4: 142.15
TP5: 184.55
TP6: 260.75
TP7: 399.65
TP8: 622.50
TP9: 803.35
TP10: 984.00
TP11: 1568.35
TP12: Free
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Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (0.6671). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 0.6611
TP2= @ 0.6578
TP3= @ 0.6521
TP4= @ 0.6450
TP5= @ 0.6384
SL= Break Above R2
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AUDNZD Update: Profit=659 pip SL=140 pip Reward/Risk > 4.7:1 Trade Setup summary:
Profit targets=659 pip (45 + 72 + 137 + 191 + 214)
Stop Loss =140 pip
Reward/Risk > 4.7 : 1
Current Status:
Total Profit: 309 pip
Closed trade(s): 117 pip Profit
Open trade(s): 192 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 1.0676 based on 'previous Forecast' at 2020.07.27 :
Closed Profit:
TP1 @ 1.0721 touched at 2020.07.27 with 45 pip Profit.
TP2 @ 1.0748 touched at 2020.07.28 with 72 pip Profit.
45+ 72 = 117
Open Profit:
Profit for one trade is 1.0740(current price) - 1.0676(open price) = 64 pip
3 trade(s) still open, therefore total profit for open trade(s) is 64 x 3 = 192 pip
Break Even 1.0676
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested UpTrend again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 1.0721
TP2= @ 1.0748
TP3= @ 1.0813
TP4= @ 1.0867
TP5= @ 1.0890
SL= Break below S1
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Don't miss the great Sell opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (0.6888). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.6846
TP2= @ 0.6810
TP3= @ 0.6770
TP4= @ 0.6740
TP5= @ 0.6610
SL= Break below R2
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AUDUSD . Weekly Technical Analysis UpdateMidterm forecast:
. 0.7030 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
. While the RSI support #1 at 51 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 0.7176 on 07/22/2020, so more losses minimum to Major Support (0.7030) 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 66.
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Don't miss the great buy opportunity in NZDUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.6638
TP2= @ 0.6705
TP3= @ 0.6768
TP4= @ 0.6820
TP5= @ 0.6893
SL= Break below S2
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Don't miss the great buy opportunity in AUDNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support lines. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 1.0721
TP2= @ 1.0748
TP3= @ 1.0813
TP4= @ 1.0867
TP5= @ 1.0890
SL= Break below S2
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Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (123.74). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 64.
Take Profits:
TP1= @ 124.03
TP2= @ 124.14
TP3= @ 124.30
TP4= @ 124.50
SL= Break below S2
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AUDCHF Update: Profit=1160 pip SL=450 pip Reward/Risk > 2.6:1 Trade Setup summary:
Profit targets=1160 pip (75 + 155 + 250 + 305 + 375)
Stop Loss =450 pip
Reward/Risk > 2.6 : 1
Current Status:
Total Profit: 424 pip
Closed trade(s): 72 pip Profit
Open trade(s): 352 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 0.6655 touched at 2020.07.21 with 72 pip Profit.
Open Profit:
Profit for one trade is 0.6671 (current price) - 0.6583(open price) = 88 pip
4 trade(s) still open, therefore total profit for open trade(s) is 88 x 4 = 352 pip
Break Even 0.658
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 72.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (0.658) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955
SL= Break below S2
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GBPJPY Update: Profit=1445 pip SL=400 pip Reward/Risk > 3.6:1 Trade Setup summary:
Profit targets=1445 pip (70+ 145+ 290+ 415+ 535)
Stop Loss =400 pip
Reward/Risk > 3.6 : 1
Current Status:
Total Profit: 650 pip
Closed trade(s): 215 pip Profit
Open trade(s): 435 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 134.35 based on 'previous Forecast' at 2020.07.17 :
Open Profit:
Profit for one trade is 135.8 (current price) - 134.35 (open price) = 145pip
3 trade(s) still open, therefore total profit for open trade(s) is 145 x = 435 pip
Technical analysis:
.GBPJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 64.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (134.35) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 120.65
TP2= @ 121.10
TP3= @ 121.10
TP4= @ 123.30
TP5= @ 124.44
SL= Break below S2
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Don't miss the great buy opportunity in EURAUDTrading suggestion:
. There is a possibility of temporary retracement to suggested support lines, Then traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 1.64200
TP2= @ 1.65800
TP3= @ 1.67700
TP4= @ 1.69000
TP5= @ 1.7300
SL= Break below S3
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Don't miss the great buy opportunity in CADCHF Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6960). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.7030
TP2= @ 0.7060
TP3= @ 0.7130
TP4= @ 0.7190
TP5= @ 0.7230
SL= Break below S2
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Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.658). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 0.6655
TP2= @ 0.6735
TP3= @ 0.6830
TP4= @ 0.6885
TP5= @ 0.6955
SL= Break below S2
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CHFJPY, Technical Analysis UpdateTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (114.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CHFJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 113.85
TP2= @ 113.10
TP3= @ 112.40
TP4= @ 111.80
TP5= @ 110.45
Trade Setup:
We opened 5 SELL trade(s) @ 114.07 based on 'Peak' at 14.07.2020:
Total Profit: 286 pip
Closed trade(s): 22 pip Profit
Open trade(s): 264 pip Profit
Closed Profit:
TP1 @ 113.85 touched at 07.15.2020 with 22 pip Profit.
Open Profit:
Profit for one trade is 114.07(open price) - 113.41(current price) = 66 pip
4 trade(s) still open, therefore total profit for open trade(s) is 66 x 4 = 264 pip
SL: Break Above R2
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Don't miss the great buy opportunity in GBPNZD Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.91400). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 1.93000
TP2= @ 1.94200
TP3= @ 1.96200
TP4= @ 1.97600
TP5= @ 2.00000
SL= Break below S2
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Don't miss the great buy opportunity in CADCHF Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.69315). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.69857
TP2= @ 0.70340
TP3= @ 0.70595
TP4= @ 0.71330
TP5= @ 0.71884
SL= Break below S3
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Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.18200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.18950
TP2= @ 1.19517
TP3= @ 1.20280
TP4= @ 1.21220
TP5= @ 1.22000
SL= Break below S2
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (68.777). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 70.520
TP2= @ 71.104
TP3= @ 71.590
TP4= @ 72.650
TP5= @ 73.490
SL= Break below S3
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ForecastCity English Support Team ❤️
GBPCHF trading support @ 1.2672 #forex #forexsignals
GBPCHF can be a nice 600 PIPs short below the indicated support at once, But here we will take a more moderate trade yet enjoying 300+ PIPs at once!!
Support - 1.2672
Entry - 1.2662
SL - 1.2864
TP - 1.2341
Supporting Fundamentals - The #Pound is fearing bears amidst all the Brexit Noises.
Will update the idea as it progresses and make comments.