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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeOctober 15, 2020 - 22:12
Advisebuy (limit) above S1=0.9125
Intraday
Short term
Yesterday range29
Yesterday high0.9155
Yesterday low0.9126
Yesterday close0.9139
R30.9245
R20.9215
R10.9185
S10.9125
S20.9115
S30.905
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9125.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.9185.
TP4: R2=0.9215.
Set the stoploss of these orders at breakout of S2=0.9115.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9115.
In this situation, there is an expectation to reach the target S3=0.905.
Set the stoploss of reverse orders at breakout of S1=0.9125.

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