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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup

#USDCHF
Total Profit: 1841 pip
Closed trade(s): 1077 pip Profit
Open trade(s): 764 pip Profit
_______________________________________________
Trade Setup:
We opened 8 BUY trade(s) @ 0.9552 (day close price) based on 'Hammer' at 2017.08.29 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.9695 touched at 2017.09.14 with 143 pip Profit.
TP2 @ 0.9770 touched at 2017.10.03 with 218 pip Profit.
TP3 @ 0.9860 touched at 2017.10.23 with 308 pip Profit.
TP4 @ 0.9960 touched at 2017.10.26 with 408 pip Profit.
143 + 218 + 308 + 408 = 1077 pip

Open Profit:
Profit for one trade is 0.9743(current price) - 0.9552(open price) = 191 pip
4 trade(s) still open, therefore total profit for open trade(s) is 191 x 4 = 764 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 0.97000 is broken, we will close open trades.
DateDecember 31, 2017 - 16:37
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.97000 would begin in Midterm.
  • We will close our open trades, if the Midterm level 0.97000 is broken.

Technical analysis:

  • A peak is formed in daily chart at 0.9975 on 12/08/2017, so more losses to support(s) 0.9695, 0.9615 and minimum to Trend Hunter Buy Zone (0.9550 to 0.9440) 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 35.

Take Profits:

  1. 0.9695
  2. 0.9770
  3. 0.9860
  4. 0.9960
  5. 1.0100
  6. 1.0210
  7. 1.0325
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) new Sun, 21 Apr 2024
US Dollar / Swiss Franc (USDCHF) free Sun, 14 Apr 2024
US Dollar / Swiss Franc (USDCHF) Sun, 14 Apr 2024
US Dollar / Swiss Franc (USDCHF) free Thu, 11 Apr 2024
US Dollar / Swiss Franc (USDCHF) free Sat, 6 Apr 2024
History
Daily-Trading-Opportunities on USDCHF.