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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeJuly 12, 2018 - 20:41
Advisebuy (limit) above S1=0.9985
Intraday
Short term
Yesterday range61
Yesterday high0.9965
Yesterday low0.9905
Yesterday close0.9958
R31.01
R21.0055
R11.003
S10.9985
S20.9965
S30.989
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9985.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.003.
TP4: R2=1.0055.
Set the stoploss of these orders at breakout of S2=0.9965.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9965.
In this situation, there is an expectation to reach the target S3=0.989.
Set the stoploss of reverse orders at breakout of S1=0.9985.

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