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Weekly forecast Euro / Swiss Franc technical chart
Symbol EURCHF

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Trade Setup
#EURCHF
Total Profit: 310 pip
Closed trade(s): 162 pip Profit
Open trade(s): 148 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 1.0716(current price) - 1.0679(open price) = 37 pip
4 trade(s) still open, therefore total profit for open trade(s) is 37 x 4 = 148 pip

#EURCHF
Total Profit: -1946 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1946 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 1.0716(current price) - 1.0994(open price) = -278 pip
7 trade(s) still open, therefore total profit for open trade(s) is -278 x 7 = -1946 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.
  • If the Midterm level 1.07100 is broken, we will close open trades.

DateOctober 17, 2020 - 21:59
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.07100, beginning of uptrend is expected.
  • We make sure when the resistance at 1.09100 breaks.
  • If the support at 1.07100 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.07100 is broken.

Technical analysis:

  • The RSI support #1 at 42 is broken, so the probability of beginning of uptrend is decreased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.0830 on 09/28/2020, so more losses minimum to Major Support (1.0710) 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 39.

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