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Weekly forecast Euro / Swiss Franc technical chart
Symbol EURCHF

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Trade Setup
#EURCHF
Total Profit: 490 pip
Closed trade(s): 162 pip Profit
Open trade(s): 328 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1.0679 (day close price) based on 'Valley' at 2020.07.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.0710 touched at 2020.07.14 with 31 pip Profit.
TP2 @ 1.0810 touched at 2020.07.27 with 131 pip Profit.
31 + 131 = 162 pip

Open Profit:
Profit for one trade is 1.0761(current price) - 1.0679(open price) = 82 pip
4 trade(s) still open, therefore total profit for open trade(s) is 82 x 4 = 328 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.

DateAugust 29, 2020 - 22:23
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 1.09100 breaks.
  • If the support at 1.05000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.0850 on 08/19/2020, so more losses to support(s) 1.0710, 1.0660, 1.0600 and minimum to Major Support (1.0500) 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 52.

Take Profits:

  1. 1.0710
  2. 1.0810
  3. 1.0910
  4. 1.1060
  5. 1.1475
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Swiss Franc (EURCHF) free Sun, 24 Mar 2024
Euro / Swiss Franc (EURCHF) 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