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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup
#USDCHF
Total Profit: -918 pip
Closed trade(s): 0 pip Profit
Open trade(s): -918 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.9145 (day close price) based on 'Valley' at 2020.10.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Open Profit:
Profit for one trade is 0.9043(current price) - 0.9145(open price) = -102 pip
9 trade(s) still open, therefore total profit for open trade(s) is -102 x 9 = -918 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.

DateOctober 24, 2020 - 21:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.90000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.93600 breaks.
  • If the support at 0.90000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 38 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.9168 on 10/19/2020, so more losses to support(s) 0.9010 and minimum to Major Support (0.9000) 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 38.

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) free Sat, 23 Mar 2024
US Dollar / Swiss Franc (USDCHF) free Sun, 17 Mar 2024
US Dollar / Swiss Franc (USDCHF) Sat, 9 Mar 2024
US Dollar / Swiss Franc (USDCHF) free Sat, 2 Mar 2024
US Dollar / Swiss Franc (USDCHF) free Sun, 25 Feb 2024