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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeFebruary 12, 2019 - 22:04
Advisebuy (limit) above S1=1.0045
Intraday
Short term
Yesterday range58
Yesterday high1.0092
Yesterday low1.0034
Yesterday close1.0064
R31.014
R21.01
R11.009
S11.0045
S21.003
S30.996
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.0045.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.009.
TP4: R2=1.01.
Set the stoploss of these orders at breakout of S2=1.003.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.003.
In this situation, there is an expectation to reach the target S3=0.996.
Set the stoploss of reverse orders at breakout of S1=1.0045.

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