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Weekly forecast Euro / Swiss Franc technical chart
Symbol EURCHF

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Trade Setup
#EURCHF
Total Profit: -2254 pip
Closed trade(s): 0 pip Profit
Open trade(s): -2254 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 1.0672(current price) - 1.0994(open price) = -322 pip
7 trade(s) still open, therefore total profit for open trade(s) is -322 x 7 = -2254 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.

DateMay 30, 2020 - 22:43
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.05000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.07100 breaks.
  • If the support at 1.05000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.06645 on 2020-01-28 and the trough at 1.05235 on 2020-03-19, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.0500 on 05/18/2020, so more gains maximum to Major Resistance (1.0710) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 67.

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) new free Sun, 17 Mar 2024
Euro / Swiss Franc (EURCHF) free Sun, 10 Mar 2024
Euro / Swiss Franc (EURCHF) free Sun, 3 Mar 2024
Euro / Swiss Franc (EURCHF) free Sun, 25 Feb 2024
Euro / Swiss Franc (EURCHF) Sat, 17 Feb 2024