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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup

#USDCHF
Total Profit: 2158 pip
Closed trade(s): 499 pip Profit
Open trade(s): 1659 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.
TP3 @ 0.9520 touched at 2018.03.09 with 248 pip Profit.
83 + 168 + 248 = 499 pip

Open Profit:
Profit for one trade is 0.9509(current price) - 0.9272(open price) = 237 pip
7 trade(s) still open, therefore total profit for open trade(s) is 237 x 7 = 1659 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 10, 2018 - 23:39
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 0.95150 breaks.
  • If the support at 0.91850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.9340 on 03/02/2018, so more gains to resistance(s) 0.9520, 0.9660, 0.9735 and more heights 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 59.

Take Profits:

  1. 0.9355
  2. 0.9440
  3. 0.9520
  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.