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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeMarch 11, 2019 - 20:27
Advisebuy (limit) above S1=1.007
Intraday
Short term
Yesterday range48
Yesterday high1.0118
Yesterday low1.0069
Yesterday close1.008
R31.02
R21.016
R11.0125
S11.007
S21.0055
S30.9985
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.007.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.0125.
TP4: R2=1.016.
Set the stoploss of these orders at breakout of S2=1.0055.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.0055.
In this situation, there is an expectation to reach the target S3=0.9985.
Set the stoploss of reverse orders at breakout of S1=1.007.

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