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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup

#USDCHF:
Total Loss: 2520 pip
Closed trade(s): 2520 pip Loss
_______________________________________________
Trade Setup:
We opened 8 BUY trade(s) @ 0.9641 (day close price) based on 'Two Day Reversal Candle (Hammer)' at 2018.01.19 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Total Loss:
SL @ 0.9326 touched at 2018.01.26 with 315 pip Loss.
Loss for one trade is 0.9641(open price) - 0.9326(close price) = 315 pip
Therefore total loss for trades is 315 x 8 = 2520 pip
_______________________________________________

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 28, 2018 - 18:58
Currentdowntrend
Forecastending of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is ending of downtrend.

Technical analysis:

  • A peak is formed in daily chart at 0.9845 on 01/10/2018, so more losses to support(s) 0.9215, 0.9070, 0.8890 and more depths 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 24.

Supports and Resistances:

  1. 0.7065
  2. 0.7710
  3. 0.8280
  4. 0.8700
  5. 0.8890
  6. 0.9070
  7. 0.9215
  8. 0.9440
  9. 0.9510
  10. 0.9660
  11. 0.9735
  12. 0.9815
  13. 0.9960
  14. 1.0100
  15. 1.0210
  16. 1.0325
Click on the level to view price action history.

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