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Weekly forecast Euro / Swiss Franc technical chart
Symbol EURCHF

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Trade Setup
#EURCHF
Total Profit: -287 pip
Closed trade(s): 0 pip Profit
Open trade(s): -287 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.0994 based on 'Valley' at 2019.09.17 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.0953(current price) - 1.0994(open price) = -41 pip
7 trade(s) still open, therefore total profit for open trade(s) is -41 x 7 = -287 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateDecember 7, 2019 - 17:34
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.0785, beginning of uptrend is expected.
  • We make sure when the resistance at 1.1065 breaks.
  • If the support at 1.0785 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.1027 on 12/02/2019, so more losses to support(s) 1.0910, 1.0850 and minimum to Major Support (1.0785) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 46.

Take Profits:

  1. 1.1065
  2. 1.1145
  3. 1.1220
  4. 1.1320
  5. 1.1385
  6. 1.1475
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Swiss Franc (EURCHF) Sat, 1 Aug 2020
Euro / Swiss Franc (EURCHF) free Sat, 25 Jul 2020
Euro / Swiss Franc (EURCHF) Sat, 18 Jul 2020
Euro / Swiss Franc (EURCHF) Sun, 12 Jul 2020
Euro / Swiss Franc (EURCHF) Sat, 4 Jul 2020