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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeAugust 1, 2020 - 13:32
Advisebuy (limit) above S1=0.9085
Intraday
Short term
Yesterday range63
Yesterday high0.915
Yesterday low0.9087
Yesterday close0.9088
R30.923
R20.9185
R10.915
S10.9085
S20.9055
S30.897
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9085.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.915.
TP4: R2=0.9185.
Set the stoploss of these orders at breakout of S2=0.9055.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9055.
In this situation, there is an expectation to reach the target S3=0.897.
Set the stoploss of reverse orders at breakout of S1=0.9085.

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