Weekly USDCHF Technical Analysis and Forecast - Forex

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Weekly forecast US Dollar / Swiss Franc technical chart

Symbol

USDCHF

Download MT4 template file

Trade Setup

#USDCHF
Total Profit: -553 pip
Closed trade(s): 0 pip Profit
Open trade(s): -553 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 0.9893 (day close price) based on 'Peak' at 2019.10.30 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Open Profit:
Profit for one trade is 0.9893(open price) - 0.9972(current price) = -79 pip
7 trade(s) still open, therefore total profit for open trade(s) is -79 x 7 = -553 pip

Trading suggestion:

We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Date November 23, 2019 - 21:13

Current range bound

Forecast beginning of downtrend

Midterm forecast:

While the price is below the resistance 1.02200, beginning of downtrend is expected.
We make sure when the support at 0.96700 breaks.
If the resistance at 1.02200 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

A trough is formed in daily chart at 0.9870 on 11/18/2019, so more gains to resistance(s) 0.9995, 1.0025, 1.0110 and maximum to Major Resistance (1.0220) 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 60.

Take Profits:

0.9840
- Support on 10/21/2019
- Support on 10/18/2019
- Support on 09/24/2019
- Resistance on 08/27/2019
- Resistance on 08/23/2019
- Resistance on 08/22/2019
- Resistance on 08/05/2019
- Support on 07/25/2019
- Support on 07/24/2019
- Support on 07/16/2019
- Support on 07/12/2019
- Support on 07/11/2019
- Support on 07/05/2019
- Resistance on 06/21/2019
- Support on 01/03/2019
- Support on 12/28/2018
- Support on 12/27/2018
- Support on 12/20/2018
- Resistance on 10/02/2018
- Resistance on 10/01/2018
- Resistance on 08/27/2018
- Support on 08/21/2018
- Support on 06/14/2018
- Support on 06/13/2018
- Support on 06/12/2018
- Support on 06/11/2018
- Support on 06/06/2018
- Support on 06/05/2018
- Support on 06/04/2018
- Support on 06/01/2018
- Support on 05/31/2018
- Resistance on 04/25/2018
- Resistance on 01/10/2018
- Resistance on 01/09/2018
- Support on 12/20/2017
- Support on 12/19/2017
- Support on 12/18/2017
- Support on 12/14/2017
- Support on 12/13/2017
- Resistance on 12/01/2017
- Support on 11/15/2017
- Support on 10/24/2017
- Resistance on 10/18/2017
- Resistance on 10/06/2017
0.9785
- Resistance on 08/26/2019
- Resistance on 08/16/2019
- Resistance on 08/08/2019
- Resistance on 08/07/2019
- Resistance on 08/06/2019
- Resistance on 06/27/2019
- Resistance on 06/26/2019
- Resistance on 06/25/2019
- Resistance on 06/24/2019
- Support on 06/20/2019
- Support on 01/08/2019
- Support on 01/07/2019
- Support on 12/28/2018
- Resistance on 09/27/2018
- Support on 08/27/2018
- Support on 06/08/2018
- Support on 06/07/2018
- Support on 04/25/2018
- Resistance on 04/23/2018
- Resistance on 01/11/2018
- Resistance on 01/08/2018
- Resistance on 01/05/2018
- Resistance on 01/04/2018
- Resistance on 01/03/2018
- Resistance on 12/29/2017
- Support on 12/04/2017
- Support on 11/27/2017
- Support on 11/24/2017
- Resistance on 10/17/2017
- Resistance on 10/05/2017
- Resistance on 10/03/2017
0.9670
- Support on 08/13/2019
- Resistance on 09/26/2018
- Resistance on 09/25/2018
- Resistance on 09/20/2018
- Support on 09/10/2018
- Support on 09/04/2018
- Support on 08/31/2018
- Support on 04/19/2018
- Resistance on 04/17/2018
- Resistance on 01/18/2018
- Resistance on 01/16/2018
- Support on 01/12/2018
- Support on 10/02/2017
- Support on 09/29/2017
- Resistance on 09/14/2017
- Resistance on 08/31/2017
- Resistance on 08/25/2017
- Support on 08/04/2017
- Resistance on 08/01/2017
- Resistance on 07/27/2017
- Resistance on 07/14/2017
- Resistance on 07/13/2017
- Resistance on 07/11/2017
- Resistance on 07/10/2017
- Resistance on 07/05/2017
- Support on 06/23/2017
0.9550
- Support on 09/21/2018
- Support on 04/11/2018
- Support on 04/10/2018
- Support on 04/04/2018
- Resistance on 04/02/2018
- Resistance on 03/19/2018
- Resistance on 03/16/2018
- Support on 01/19/2018
0.9390
- Resistance on 02/27/2018
- Resistance on 02/26/2018
- Resistance on 02/22/2018
- Resistance on 02/21/2018
- Resistance on 02/06/2018
- Resistance on 01/30/2018
- Resistance on 01/29/2018
- Resistance on 01/26/2018
- Support on 01/25/2018
- Resistance on 08/25/2015
- Support on 07/14/2015
- Support on 07/13/2015
- Resistance on 06/30/2015
- Resistance on 06/29/2015
- Resistance on 06/25/2015
- Resistance on 06/23/2015
- Resistance on 06/15/2015
- Resistance on 06/12/2015
- Support on 06/01/2015
- Resistance on 05/21/2015
- Resistance on 05/20/2015
- Resistance on 05/19/2015
- Resistance on 05/05/2015
- Resistance on 05/04/2015
- Resistance on 04/30/2015
- Support on 04/29/2015
- Support on 02/23/2015
- Support on 02/19/2015
- Resistance on 02/02/2015
- Support on 10/21/2014
- Support on 10/16/2014
- Support on 10/15/2014
- Support on 09/24/2014
- Resistance on 09/10/2014
- Resistance on 09/09/2013
- Resistance on 09/04/2013
- Resistance on 09/03/2013
- Resistance on 08/15/2013
- Resistance on 08/02/2013
- Resistance on 07/25/2013
- Support on 07/19/2013
- Resistance on 06/25/2013
- Resistance on 06/24/2013
- Resistance on 06/10/2013
- Support on 06/05/2013
- Resistance on 05/06/2013
- Resistance on 05/03/2013
- Resistance on 04/30/2013
- Support on 04/04/2013
- Support on 03/25/2013
- Support on 03/22/2013
- Resistance on 01/18/2013
- Resistance on 11/22/2012
- Support on 11/20/2012
- Support on 11/19/2012
- Support on 11/07/2012
- Resistance on 10/26/2012
- Support on 10/10/2012
- Resistance on 10/04/2012
- Resistance on 10/03/2012
- Resistance on 10/02/2012
- Resistance on 09/25/2012
- Resistance on 09/24/2012
- Resistance on 09/13/2012
- Resistance on 09/12/2012
- Support on 05/18/2012
- Support on 01/18/2012
- Support on 01/02/2012
- Support on 12/29/2011
- Resistance on 12/27/2011
- Resistance on 12/23/2011
- Resistance on 12/22/2011
- Resistance on 12/21/2011
0.9185
- Support on 02/16/2018
- Trough on 02/16/2018
- Support on 06/18/2015
- Support on 06/17/2015
- Support on 05/08/2015
- Support on 02/09/2015
- Support on 02/06/2015
- Support on 02/03/2015
- Resistance on 01/27/2015
- Resistance on 08/29/2014
- Resistance on 08/27/2014
- Resistance on 08/26/2014
- Resistance on 11/21/2013
- Resistance on 11/20/2013
- Resistance on 11/15/2013
- Resistance on 11/14/2013
- Resistance on 11/13/2013
- Resistance on 11/07/2013
- Resistance on 10/15/2013
- Support on 08/23/2013
- Support on 08/09/2013
- Support on 08/08/2013
- Support on 06/19/2013
- Support on 06/18/2013
- Support on 06/14/2013
- Support on 06/13/2013
- Support on 06/12/2013
- Support on 02/20/2013
- Resistance on 02/13/2013
- Resistance on 02/08/2013
- Resistance on 02/07/2013
- Support on 01/29/2013
- Resistance on 01/02/2013
- Resistance on 12/28/2012
- Resistance on 12/21/2012
- Resistance on 12/18/2012
- Resistance on 05/04/2012
- Resistance on 04/19/2012
- Resistance on 04/18/2012
- Resistance on 04/17/2012
- Resistance on 04/11/2012
- Resistance on 04/10/2012
- Resistance on 04/09/2012
- Resistance on 04/04/2012
- Resistance on 03/22/2012
- Resistance on 03/19/2012
- Resistance on 02/20/2012
- Support on 02/17/2012
- Support on 02/16/2012
- Support on 02/15/2012
- Resistance on 02/10/2012
- Support on 02/06/2012
- Resistance on 02/03/2012
- Resistance on 02/02/2012
- Resistance on 01/30/2012
- Support on 01/26/2012
- Support on 12/09/2011
- Support on 12/08/2011
- Support on 12/05/2011
- Resistance on 12/01/2011
- Support on 11/29/2011
- Support on 11/28/2011
- Support on 11/24/2011

Click on the level to view price action history.

Symbol	Released	Current	Forecast
US Dollar / Swiss Franc (USDCHF)^new^free	Sun, 14 Apr 2024
US Dollar / Swiss Franc (USDCHF)^new	Sun, 14 Apr 2024
US Dollar / Swiss Franc (USDCHF)^free	Thu, 11 Apr 2024
US Dollar / Swiss Franc (USDCHF)^free	Sat, 6 Apr 2024
US Dollar / Swiss Franc (USDCHF)^free	Sat, 30 Mar 2024

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1,978	1,582	1,442	1,407
1,155	622	595	555
496	470	456	454
415	408	379	293
274	267	262	258
241	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101