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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup
#USDCHF
Total Profit: 1112 pip
Closed trade(s): 384 pip Profit
Open trade(s): 728 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...

Closed Profit:
TP1 @ 0.9840 touched at 2019.12.10 with 53 pip Profit.
TP2 @ 0.9785 touched at 2019.12.19 with 108 pip Profit.
TP3 @ 0.9670 touched at 2019.12.31 with 223 pip Profit.
53 + 108 + 223 = 384 pip

Open Profit:
Profit for one trade is 0.9893(open price) - 0.9711(current price) = 182 pip
4 trade(s) still open, therefore total profit for open trade(s) is 182 x 4 = 728 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.
  • If the Midterm level 0.9755 is broken, we will close open trades.

DateJanuary 25, 2020 - 21:48
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 0.9755, beginning of downtrend is expected.
  • We make sure when the support at 0.9550 breaks.
  • If the resistance at 0.9755 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.9755 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.9610 on 01/16/2020, so more gains maximum to Major Resistance (0.9755) 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 46.

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, 12 Sep 2020
US Dollar / Swiss Franc (USDCHF) Sat, 5 Sep 2020
US Dollar / Swiss Franc (USDCHF) Sat, 29 Aug 2020
US Dollar / Swiss Franc (USDCHF) Sat, 22 Aug 2020
US Dollar / Swiss Franc (USDCHF) Wed, 19 Aug 2020