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Intraday forecastUS Dollar vs. Swiss Franc technical chart
SymbolUSDCHF
Release TimeWed, 02/06/2019 - 20:08
Advisebuy (limit) above S1=0.9995
Intraday
Short term
Yesterday range49
Yesterday high1.002
Yesterday low0.9971
Yesterday close0.9997
R31.0085
R21.0055
R11.004
S10.9995
S20.9985
S30.992
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9995.
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=0.9985.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9985.
In this situation, there is an expectation to reach the target S3=0.992.
Set the stoploss of reverse orders at breakout of S1=0.9995.

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