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

#EURCHF
Total Profit: 3031 pip
Closed trade(s): 511 pip Profit
Open trade(s): 2520 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.
TP2 @ 0.97617 touched at 2022-10-03 with 158 pip Profit.
TP3 @ 0.98644 touched at 2022-10-21 with 260 pip Profit.
93 + 158 + 260 = 511 pip

Open Profit:
Profit for one BUY trade is 0.98563(current price) - 0.96039(open price) = 252 pip
10 trade(s) still open, therefore total profit for open trade(s) is 252 x 10 = 2520 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.

DateNovember 20, 2022 - 15:43
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.94080, resumption of uptrend is expected.
  • We make sure when the resistance at 1.00882 breaks.
  • If the support at 0.94080 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.97005 on 11/14/2022, so more gains to resistance(s) 0.98645, 0.99688 and maximum to Major Resistance (1.00882) 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 55.

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) free Sun, 29 Jan 2023
Euro / Swiss Franc (EURCHF) Sun, 22 Jan 2023
Euro / Swiss Franc (EURCHF) free Sun, 15 Jan 2023
Euro / Swiss Franc (EURCHF) free Sun, 8 Jan 2023
Euro / Swiss Franc (EURCHF) Sat, 31 Dec 2022