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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeNovember 19, 2020 - 21:05
Advisebuy (limit) above S1=0.9085
Intraday
Short term
Yesterday range31
Yesterday high0.9122
Yesterday low0.9091
Yesterday close0.9109
R30.919
R20.916
R10.914
S10.9085
S20.9065
S30.899
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=0.914.
TP4: R2=0.916.
Set the stoploss of these orders at breakout of S2=0.9065.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9065.
In this situation, there is an expectation to reach the target S3=0.899.
Set the stoploss of reverse orders at breakout of S1=0.9085.

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