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

#USDCHF
Total Profit: 4150 pip
Closed trade(s): 1730 pip Profit
Open trade(s): 2420 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) - 0.93342(current price) = 605 pip
4 trade(s) still open, therefore total profit for open trade(s) is 605 x 4 = 2420 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 0.95800 is broken, we will close open trades.
DateDecember 25, 2022 - 07:56
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.95800, resumption of downtrend is expected.
  • We make sure when the support at 0.91937 breaks.
  • If the resistance at 0.95800 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.95800 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 0.92255 on 12/22/2022, so more gains to resistance(s) 0.93700, 0.94920 and maximum to Major Resistance (0.95800) 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 43.

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.
Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) new free Sun, 14 Apr 2024
US Dollar / Swiss Franc (USDCHF) new Sun, 14 Apr 2024
US Dollar / Swiss Franc (USDCHF) free Thu, 11 Apr 2024
US Dollar / Swiss Franc (USDCHF) free Sat, 6 Apr 2024
US Dollar / Swiss Franc (USDCHF) free Sat, 30 Mar 2024
History
Daily-Trading-Opportunities on USDCHF.