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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup

#USDCHF
Total Profit: 1067 pip
Closed trade(s): 251 pip Profit
Open trade(s): 816 pip Profit
_______________________________________________
Trade Setup:
We opened 10 BUY trade(s) @ 0.9272 (day close price) based on 'Two Day Reversal Candle (Hammer)' at 2018.02.16 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.9355 touched at 2018.02.20 with 83 pip Profit.
TP2 @ 0.9440 touched at 2018.02.28 with 168 pip Profit.
83 + 168 = 251 pip

Open Profit:
Profit for one trade is 0.9374(current price) - 0.9272(open price) = 102 pip
8 trade(s) still open, therefore total profit for open trade(s) is 102 x 8 = 816 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.
DateMarch 4, 2018 - 10:09
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.91850, beginning of uptrend is expected.
  • We make sure when the resistance at 0.94400 breaks.
  • If the support at 0.91850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.9490 on 03/01/2018, so more losses to support(s) 0.9355 and minimum to Trend Hunter Buy Zone (0.9255 to 0.9185) 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 47.

Take Profits:

  1. 0.9355
  2. 0.9440
  3. 0.9520 ✔(2018-03-09)
  4. 0.9660
  5. 0.9735
  6. 0.9815
  7. 0.9955
  8. 1.0100
  9. 1.0325
Click on the level to view price action history.
Symbol Released Current Forecast
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
US Dollar / Swiss Franc (USDCHF) free Sat, 30 Mar 2024
History
Daily-Trading-Opportunities on USDCHF.