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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup
#USDCHF
Total Profit: -84 pip
Closed trade(s): 0 pip Profit
Open trade(s): -84 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) - 0.9905(current price) = -12 pip
7 trade(s) still open, therefore total profit for open trade(s) is -12 x 7 = -84 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.

DateDecember 7, 2019 - 20:41
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 1.0220, beginning of downtrend is expected.
  • We make sure when the support at 0.9670 breaks.
  • If the resistance at 1.0220 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.9850 on 12/03/2019, so more gains to resistance(s) 0.9955, 0.9995, 1.0025 and maximum to Major Resistance (1.0220) 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 47.

Take Profits:

  1. 0.9840
  2. 0.9785
  3. 0.9670
  4. 0.9550
  5. 0.9390
  6. 0.9185
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) Sat, 1 Aug 2020
US Dollar / Swiss Franc (USDCHF) Sun, 26 Jul 2020
US Dollar / Swiss Franc (USDCHF) Sat, 18 Jul 2020
US Dollar / Swiss Franc (USDCHF) Sat, 11 Jul 2020
US Dollar / Swiss Franc (USDCHF) Sat, 4 Jul 2020