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Intraday forecastUS Dollar vs. Swiss Franc technical chart
SymbolUSDCHF
Release TimeTue, 06/12/2018 - 20:40
Advisebuy (limit) above S1=0.9835
Intraday
Short term
Yesterday range35
Yesterday high0.9873
Yesterday low0.9839
Yesterday close0.9852
R30.9955
R20.991
R10.989
S10.9835
S20.9825
S30.976
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9835.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.989.
TP4: R2=0.991.
Set the stoploss of these orders at breakout of S2=0.9825.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9825.
In this situation, there is an expectation to reach the target S3=0.976.
Set the stoploss of reverse orders at breakout of S1=0.9835.

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