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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeApril 9, 2020 - 20:05
Advisesell (limit) below R1=0.9685
Intraday
Short term
Yesterday range56
Yesterday high0.9743
Yesterday low0.9687
Yesterday close0.9714
R30.978
R20.9705
R10.9685
S10.9645
S20.9625
S30.96
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9685.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9645.
TP4: S2=0.9625.
Set the stoploss of these orders at breakout of R2=0.9705.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.9705.
In this situation, there is an expectation to reach the target R3=0.978.
Set the stoploss of reverse orders at breakout of R1=0.9685.

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