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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup
#USDCHF
Total Profit: 629 pip
Closed trade(s): 99 pip Profit
Open trade(s): 530 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 0.8968 (day close price) based on 'Valley' at 2021.02.01 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.8980 touched at 2021.02.02 with 12 pip Profit.
TP2 @ 0.9055 touched at 2021.02.23 with 87 pip Profit.
12 + 87 = 99 pip

Open Profit:
Profit for one trade is 0.9074(current price) - 0.8968(open price) = 106 pip
5 trade(s) still open, therefore total profit for open trade(s) is 106 x 5 = 530 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.

DateFebruary 28, 2021 - 16:14
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.8920, beginning of uptrend is expected.
  • We make sure when the resistance at 0.9180 breaks.
  • If the support at 0.8920 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.8870 on 02/16/2021, so more gains maximum to Major Resistance (0.9180) 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 66.

Take Profits:

  1. 0.8980
  2. 0.9055
  3. 0.9180
  4. 0.9295
  5. 0.9465
  6. 0.9900
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) new Sat, 10 Apr 2021
US Dollar / Swiss Franc (USDCHF) Sun, 4 Apr 2021
US Dollar / Swiss Franc (USDCHF) free Sat, 27 Mar 2021
US Dollar / Swiss Franc (USDCHF) Sun, 21 Mar 2021
US Dollar / Swiss Franc (USDCHF) Sun, 14 Mar 2021