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Intraday forecastUS Dollar vs. Swiss Franc technical chart
SymbolUSDCHF
Release TimeTue, 08/20/2019 - 20:56
Advisesell (limit) below R1=0.9805
Intraday
Short term
Yesterday range52
Yesterday high0.9821
Yesterday low0.9769
Yesterday close0.9815
R30.989
R20.982
R10.9805
S10.9765
S20.974
S30.9705
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9805.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9765.
TP4: S2=0.974.
Set the stoploss of these orders at breakout of R2=0.982.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.982.
In this situation, there is an expectation to reach the target R3=0.989.
Set the stoploss of reverse orders at breakout of R1=0.9805.

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