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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeMay 6, 2021 - 23:58
Advisesell (limit) below R1=0.9105
Intraday
Short term
Yesterday range75
Yesterday high0.9145
Yesterday low0.907
Yesterday close0.9072
R30.918
R20.9115
R10.9105
S10.9065
S20.9045
S30.9
Trade setup

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9105.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9065.
TP4: S2=0.9045.
Set the stoploss of these orders at breakout of R2=0.9115.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.9115.
In this situation, there is an expectation to reach the target R3=0.918.
Set the stoploss of reverse orders at breakout of R1=0.9105.

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