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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeAugust 5, 2022 - 00:41
Advisebuy (limit) above S1=0.952
Intraday
Short term
Yesterday range79
Yesterday high0.9623
Yesterday low0.9544
Yesterday close0.955
R30.965
R20.962
R10.96
S10.952
S20.9505
S30.9435
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.952.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.96.
TP4: R2=0.962.
Set the stoploss of these orders at breakout of S2=0.9505.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9505.
In this situation, there is an expectation to reach the target S3=0.9435.
Set the stoploss of reverse orders at breakout of S1=0.952.

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