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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeOctober 28, 2019 - 13:59
Advisebuy (limit) above S1=0.995
Intraday
Short term
Yesterday range48
Yesterday high0.9954
Yesterday low0.9906
Yesterday close0.9946
R31.003
R21.001
R10.9995
S10.995
S20.994
S30.9875
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.995.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.9995.
TP4: R2=1.001.
Set the stoploss of these orders at breakout of S2=0.994.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.994.
In this situation, there is an expectation to reach the target S3=0.9875.
Set the stoploss of reverse orders at breakout of S1=0.995.

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