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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeNovember 21, 2018 - 22:52
Advisesell (limit) below R1=0.999
Intraday
Short term
Yesterday range31
Yesterday high0.9958
Yesterday low0.9928
Yesterday close0.9947
R31.0085
R21.001
R10.999
S10.993
S20.991
S30.9855
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.999.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.993.
TP4: S2=0.991.
Set the stoploss of these orders at breakout of R2=1.001.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.001.
In this situation, there is an expectation to reach the target R3=1.0085.
Set the stoploss of reverse orders at breakout of R1=0.999.

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