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Intraday forecastUS Dollar vs. Swiss Franc technical chart
SymbolUSDCHF
Release TimeWed, 01/09/2019 - 19:48
Advisesell (limit) below R1=0.979
Intraday
Short term
Yesterday range46
Yesterday high0.9834
Yesterday low0.9788
Yesterday close0.981
R30.9895
R20.9815
R10.979
S10.973
S20.9705
S30.967
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.979.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.973.
TP4: S2=0.9705.
Set the stoploss of these orders at breakout of R2=0.9815.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.9815.
In this situation, there is an expectation to reach the target R3=0.9895.
Set the stoploss of reverse orders at breakout of R1=0.979.

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