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Intraday forecastUS Dollar vs. Swiss Franc technical chart
SymbolUSDCHF
Release TimeTue, 05/15/2018 - 19:57
Advisebuy (limit) above S1=0.998
Intraday
Short term
Yesterday range50
Yesterday high1.0007
Yesterday low0.9957
Yesterday close1.0004
R31.01
R21.0055
R11.004
S10.998
S20.996
S30.9885
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.998.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.004.
TP4: R2=1.0055.
Set the stoploss of these orders at breakout of S2=0.996.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.996.
In this situation, there is an expectation to reach the target S3=0.9885.
Set the stoploss of reverse orders at breakout of S1=0.998.

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