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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeThu, 02/13/2020 - 19:54
Advisebuy (limit) above S1=0.9755
Intraday
Short term
Yesterday range44
Yesterday high0.9784
Yesterday low0.974
Yesterday close0.978
R30.983
R20.9805
R10.9795
S10.9755
S20.9745
S30.968
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9755.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.9795.
TP4: R2=0.9805.
Set the stoploss of these orders at breakout of S2=0.9745.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9745.
In this situation, there is an expectation to reach the target S3=0.968.
Set the stoploss of reverse orders at breakout of S1=0.9755.

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