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Weekly forecast Euro / Swiss Franc technical chart
Symbol EURCHF

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Trade Setup

#EURCHF
Total Profit: 10 pip
Closed trade(s): 0 pip Profit
Open trade(s): 10 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 1.0928 (day close price) based on 'Valley' at 2021.06.17 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.0929(current price) - 1.0928(open price) = 1 pip
10 trade(s) still open, therefore total profit for open trade(s) is 1 x 10 = 10 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.

DateJune 17, 2021 - 23:20
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.0860, resumption of uptrend is expected.
  • We make sure when the resistance at 1.0985 breaks.
  • If the support at 1.0860 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.0870 on 06/11/2021, so more gains to resistance(s) 1.0955 and maximum to Major Resistance (1.0985) 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 49.

Take Profits:

  1. 1.0955
  2. 1.0985
  3. 1.1025
  4. 1.1075
  5. 1.1115
  6. 1.1150
  7. 1.1250
  8. 1.1385
  9. 1.1475
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Swiss Franc (EURCHF) Sat, 31 Jul 2021
Euro / Swiss Franc (EURCHF) Sat, 24 Jul 2021
Euro / Swiss Franc (EURCHF) Sun, 18 Jul 2021
Euro / Swiss Franc (EURCHF) Sun, 11 Jul 2021
Euro / Swiss Franc (EURCHF) Sun, 4 Jul 2021