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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeMay 12, 2022 - 22:53
Advisebuy (limit) above S1=0.997
Intraday
Short term
Yesterday range122
Yesterday high1.0049
Yesterday low0.9927
Yesterday close1.0027
R31.013
R21.007
R11.005
S10.997
S20.995
S30.9875
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.997.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.005.
TP4: R2=1.007.
Set the stoploss of these orders at breakout of S2=0.995.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.995.
In this situation, there is an expectation to reach the target S3=0.9875.
Set the stoploss of reverse orders at breakout of S1=0.997.

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