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

#USDCHF
Total Profit: -3696 pip
Closed trade(s): 0 pip Profit
Open trade(s): -3696 pip Profit

Trade Setup:
We opened 12 BUY trades @ 0.93573 based on 'Valley' entry method at 2023-01-03, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Open Profit:
Profit for one BUY trade is 0.90487(current price) - 0.93573(open price) = -308 pip
12 trade(s) still open, therefore total profit for open trade(s) is -308 x 12 = -3696 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.
DateMay 28, 2023 - 17:39
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.88203, beginning of uptrend is expected.
  • We make sure when the resistance at 0.91187 breaks.
  • If the support at 0.88203 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.88190 on 05/04/2023, so more gains to resistance(s) 0.90577 and maximum to Major Resistance (0.91187) 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 58.

Take Profits:

  1. 0.94400
  2. 0.94920
  3. 0.95800
  4. 0.96650
  5. 0.97340
  6. 0.97920
  7. 0.98700
  8. 0.99200
  9. 1.00600
  10. 1.01453
  11. 1.02388
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) free Sat, 16 Sep 2023
US Dollar / Swiss Franc (USDCHF) free Sat, 9 Sep 2023
US Dollar / Swiss Franc (USDCHF) free Sat, 2 Sep 2023
US Dollar / Swiss Franc (USDCHF) free Sat, 26 Aug 2023
US Dollar / Swiss Franc (USDCHF) Sat, 19 Aug 2023
History
Daily-Trading-Opportunities on USDCHF.