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Intraday forecastUS Dollar vs. Swiss Franc technical chart
SymbolUSDCHF
Release TimeTue, 08/13/2019 - 20:30
Advisebuy (limit) above S1=0.974
Intraday
Short term
Yesterday range72
Yesterday high0.9753
Yesterday low0.9681
Yesterday close0.9691
R30.989
R20.984
R10.9805
S10.974
S20.9725
S30.9655
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.974.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.9805.
TP4: R2=0.984.
Set the stoploss of these orders at breakout of S2=0.9725.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9725.
In this situation, there is an expectation to reach the target S3=0.9655.
Set the stoploss of reverse orders at breakout of S1=0.974.

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