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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF
Trade Setup

#USDCHF
Total Profit: 3630 pip
Closed trade(s): 1730 pip Profit
Open trade(s): 1900 pip Profit

Trade Setup:
We opened 11 SELL trades @ 0.99387 based on 'Peakr' entry method at 2022-11-04.

Closed Profit:
TP1 @ 0.99202 touched at 2022-11-07 with 19 pip Profit.
TP2 @ 0.98700 touched at 2022-11-08 with 69 pip Profit.
TP3 @ 0.97916 touched at 2022-11-10 with 147 pip Profit.
TP4 @ 0.97345 touched at 2022-11-10 with 204 pip Profit.
TP5 @ 0.96650 touched at 2022-11-10 with 274 pip Profit.
TP6 @ 0.94914 touched at 2022-11-11 with 448 pip Profit.
TP7 @ 0.93700 touched at 2022-11-15 with 569 pip Profit.
19 + 69 + 147 + 204 + 274 + 448 + 569 = 1730 pip

Open Profit:
Profit for one SELL trade is 0.99387(open price) - 0.94637(current price) = 475 pip
4 trade(s) still open, therefore total profit for open trade(s) is 475 x 4 = 1900 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 0.98700 is broken, we will close open trades.

DateNovember 26, 2022 - 12:16
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.98700, resumption of downtrend is expected.
  • We make sure when the support at 0.93700 breaks.
  • If the resistance at 0.98700 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.98700 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 0.93865 on 11/24/2022, so more gains to resistance(s) 0.94920, 0.95950, 0.96650 and maximum to Major Resistance (0.98700) 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 37.

Take Profits:

  1. 0.99200
  2. 0.98700
  3. 0.97920
  4. 0.97340
  5. 0.96650
  6. 0.94920
  7. 0.93700
  8. 0.91937
  9. 0.90850
  10. 0.89280
Click on the level to view price action history.

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