website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Euro / Swiss Franc technical chart
Symbol EURCHF
Trade Setup

#EURCHF
Total Profit: -987 pip
Closed trade(s): 93 pip Profit
Open trade(s): -1080 pip Profit

Trade Setup:
We opened 13 BUY trades @ 0.96039 based on 'Hammer' entry method at 2022-09-15.

Closed Profit:
TP1 @ 0.96972 touched at 2022-09-22 with 93 pip Profit.

Open Profit:
Profit for one BUY trade is 0.95137(current price) - 0.96039(open price) = -90 pip
12 trade(s) still open, therefore total profit for open trade(s) is -90 x 12 = -1080 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.

DateSeptember 24, 2022 - 19:38
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.94656, beginning of uptrend is expected.
  • We make sure when the resistance at 0.99688 breaks.
  • If the support at 0.94656 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 0.95516 on 2022-08-23 and the trough at 0.94643 on 2022-09-22, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.97140 on 09/22/2022, so more losses minimum to Major Support (0.94656) 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. 0.96972
  2. 0.97618
  3. 0.98645
  4. 0.99688
  5. 1.00882
  6. 1.02188
  7. 1.03738
  8. 1.05105
  9. 1.06098
  10. 1.07029
  11. 1.09330
  12. 1.11449
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Swiss Franc (EURCHF) Sun, 20 Nov 2022
Euro / Swiss Franc (EURCHF) Sun, 13 Nov 2022
Euro / Swiss Franc (EURCHF) Sat, 5 Nov 2022
Euro / Swiss Franc (EURCHF) free Sun, 30 Oct 2022
Euro / Swiss Franc (EURCHF) free Sat, 22 Oct 2022