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

#EURCHF
Total Profit: -307 pip
Closed trade(s): 107 pip Profit
Open trade(s): -414 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.
TP2 @ 1.0561 touched at 2022.02.04 with 84 pip Profit.
23 + 84 = 107 pip

Open Profit:
Profit for one trade is 1.0431(current price) - 1.0477(open price) = -46 pip
9 trade(s) still open, therefore total profit for open trade(s) is -46 x 9 = -414 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.

DateFebruary 20, 2022 - 08:10
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.03220, beginning of uptrend is expected.
  • We make sure when the resistance at 1.06950 breaks.
  • If the support at 1.03220 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 1.03748 on 2021-12-03 and the trough at 1.02988 on 2022-01-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 1.0605 on 02/07/2022, so more losses to support(s) 1.0430, 1.0374 and minimum to Major Support (1.0322) 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 47.

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