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Intraday forecastUS Dollar vs. Swiss Franc technical chart
SymbolUSDCHF
Release TimeMon, 02/12/2018 - 20:10
Advisesell (limit) below R1=0.944
Intraday
Short term
Yesterday range61
Yesterday high0.9409
Yesterday low0.9348
Yesterday close0.9392
R30.9555
R20.947
R10.944
S10.936
S20.9335
S30.93
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.944.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.936.
TP4: S2=0.9335.
Set the stoploss of these orders at breakout of R2=0.947.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.947.
In this situation, there is an expectation to reach the target R3=0.9555.
Set the stoploss of reverse orders at breakout of R1=0.944.

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