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

#EURCHF
Total Profit: 157 pip
Closed trade(s): 157 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 1.0452 (day close price) based on 'Valley' at 2022.01.07 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.0500 touched at 2022.01.10 with 48 pip Profit.
TP2 @ 1.0561 touched at 2022.02.04 with 109 pip Profit.
48 + 109 = 157 pip

All 9 trades closed at entry price, therefore no profit no loss.

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 6, 2022 - 23:52
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.03220 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 1.0604 on 02/07/2022, so more losses to support(s) 0.9957, 0.9811, 0.9666 and more depths 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 26.

Supports and Resistances:

  1. 1.1145
  2. 1.0933
  3. 1.0805
  4. 1.0561
  5. 1.0430
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