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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeFebruary 22, 2021 - 21:34
Advisebuy (limit) above S1=0.8945
Intraday
Short term
Yesterday range39
Yesterday high0.8973
Yesterday low0.8934
Yesterday close0.8965
R30.9045
R20.902
R10.8995
S10.8945
S20.8935
S30.887
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.8945.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.8995.
TP4: R2=0.902.
Set the stoploss of these orders at breakout of S2=0.8935.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.8935.
In this situation, there is an expectation to reach the target S3=0.887.
Set the stoploss of reverse orders at breakout of S1=0.8945.

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