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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeFebruary 11, 2019 - 21:48
Advisebuy (limit) above S1=1.003
Intraday
Short term
Yesterday range32
Yesterday high1.0027
Yesterday low0.9995
Yesterday close1.0002
R31.01
R21.008
R11.0065
S11.003
S21.0015
S30.9945
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.003.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.0065.
TP4: R2=1.008.
Set the stoploss of these orders at breakout of S2=1.0015.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.0015.
In this situation, there is an expectation to reach the target S3=0.9945.
Set the stoploss of reverse orders at breakout of S1=1.003.

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