website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

Download MT4 template file

Trade Setup
#USDCHF
Total Profit: -215 pip
Closed trade(s): 33 pip Profit
Open trade(s): -248 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.9147 (day close price) based on 'Valley' at 2020.08.19 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.9180 touched at 2020.09.08 with 33 pip Profit.

Open Profit:
Profit for one trade is 0.9116(current price) - 0.9147(open price) = -31 pip
8 trade(s) still open, therefore total profit for open trade(s) is -31 x 8 = -248 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.

DateSeptember 19, 2020 - 21:51
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.9000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.9240 breaks.
  • If the support at 0.9000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 0.9055 on 2020-07-31 and the trough at 0.90085 on 2020-08-18, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 0.9203 on 09/08/2020, so more losses to support(s) 0.9055, 0.9010 and minimum to Major Support (0.9000) 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 50.

Take Profits:

  1. 0.9180
  2. 0.9240
  3. 0.9360
  4. 0.9465
  5. 0.9550
  6. 0.9670
  7. 0.9900
  8. 1.0235
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) new Sat, 24 Oct 2020
US Dollar / Swiss Franc (USDCHF) Sat, 17 Oct 2020
US Dollar / Swiss Franc (USDCHF) Sat, 10 Oct 2020
US Dollar / Swiss Franc (USDCHF) Sat, 3 Oct 2020
US Dollar / Swiss Franc (USDCHF) Sat, 26 Sep 2020