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Weekly forecast Euro / Swiss Franc technical chart
Symbol EURCHF
Trade Setup

#EURCHF
Total Profit: -497 pip
Closed trade(s): 23 pip Profit
Open trade(s): -520 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 1.0477 based on 'Valley' at 2021.12.28 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.0500 touched at 2022.01.10 with 23 pip Profit.

Open Profit:
Profit for one trade is 1.0425(current price) - 1.0477(open price) = -52 pip
10 trade(s) still open, therefore total profit for open trade(s) is -52 x 10 = -520 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.

DateJanuary 15, 2022 - 12:25
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.03000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.05000 breaks.
  • If the support at 1.03000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 54 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 1.0511 on 01/11/2022, so more losses to support(s) 1.0374, 1.0322 and minimum to Major Support (1.0300) 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 50.

Take Profits:

  1. 1.0430
  2. 1.0500
  3. 1.0561
  4. 1.0627
  5. 1.0745
  6. 1.0805
  7. 1.0875
  8. 1.0933
  9. 1.0985
  10. 1.1076
  11. 1.1150
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