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Weekly forecast Euro / Swiss Franc technical chart
Symbol EURCHF

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Trade Setup
#EURCHF
Total Profit: -1112 pip
Closed trade(s): 16 pip Profit
Open trade(s): -1128 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.1239 (day close price) based on 'Valley' at 2019.06.11 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.1255 touched at 2019.06.12 with 16 pip Profit.

Open Profit:
Profit for one trade is 1.1098(current price) - 1.1239(open price) = -141 pip
8 trade(s) still open, therefore total profit for open trade(s) is -141 x 8 = -1128 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.

DateJune 22, 2019 - 20:51
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.10000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.13200 breaks.
  • If the support at 1.10000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.1120 on 06/03/2019, so more gains to resistance(s) 1.1120, 1.1170, 1.1225 and maximum to Major Resistance (1.1320) 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 31.

Take Profits:

  1. 1.1255
  2. 1.1295
  3. 1.1320
  4. 1.1385
  5. 1.1430
  6. 1.1475
  7. 1.1680
  8. 1.2005
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