website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
 
 
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF
Trade Setup

#USDCHF
Total Profit: 4277 pip
Closed trade(s): 1397 pip Profit
Open trade(s): 2880 pip Profit

Trade Setup:
We opened 13 BUY trades @ 0.84532 based on 'Two-day reversal Hammer candle' entry method at 2024-09-30, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 0.85510 touched at 2024-10-04 with 98 pip Profit.
TP2 @ 0.86286 touched at 2024-10-14 with 176 pip Profit.
TP3 @ 0.87474 touched at 2024-11-06 with 294 pip Profit.
TP4 @ 0.88195 touched at 2024-11-12 with 367 pip Profit.
TP5 @ 0.89147 touched at 2024-11-14 with 462 pip Profit.
98 + 176 + 294 + 367 + 462 = 1397 pip

Open Profit:
Profit for one BUY trade is 0.88126(current price) - 0.84532(open price) = 360 pip
8 trade(s) still open, therefore total profit for open trade(s) is 360 x 8 = 2880 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.
  • If the Midterm level 0.86129 is broken, we will close open trades.
DateDecember 1, 2024 - 15:27
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.86129 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.86129 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
  • A peak is formed in daily chart at 0.89565 on 11/22/2024, so more losses to support(s) 0.87474, 0.86286 and minimum to Major Support (0.86129) 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 54.

Take Profits:

  1. 0.85510
  2. 0.86286
  3. 0.87474
  4. 0.88195
  5. 0.89147
  6. 0.90367
  7. 0.91497
  8. 0.92218
  9. 0.94400
  10. 0.96000
  11. 0.99200
  12. 1.01453
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) free Sat, 11 Jan 2025
US Dollar / Swiss Franc (USDCHF) Sat, 4 Jan 2025
US Dollar / Swiss Franc (USDCHF) free Sat, 28 Dec 2024
US Dollar / Swiss Franc (USDCHF) Sun, 22 Dec 2024
US Dollar / Swiss Franc (USDCHF) free Sat, 14 Dec 2024
History
Daily-Trading-Opportunities on USDCHF.