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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeSeptember 18, 2019 - 20:23
Advisebuy (limit) above S1=0.9955
Intraday
Short term
Yesterday range55
Yesterday high0.9968
Yesterday low0.9913
Yesterday close0.9929
R31.0045
R21.0025
R11
S10.9955
S20.9945
S30.988
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9955.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.
TP4: R2=1.0025.
Set the stoploss of these orders at breakout of S2=0.9945.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9945.
In this situation, there is an expectation to reach the target S3=0.988.
Set the stoploss of reverse orders at breakout of S1=0.9955.

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