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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeAugust 22, 2019 - 10:07
Advisebuy (limit) above S1=0.981
Intraday
Short term
Yesterday range59
Yesterday high0.9831
Yesterday low0.9771
Yesterday close0.9822
R30.9915
R20.9875
R10.9855
S10.981
S20.98
S30.9735
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.981.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.9855.
TP4: R2=0.9875.
Set the stoploss of these orders at breakout of S2=0.98.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.98.
In this situation, there is an expectation to reach the target S3=0.9735.
Set the stoploss of reverse orders at breakout of S1=0.981.

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