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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup

#USDCHF
Total Profit: 3705 pip
Closed trade(s): 1350 pip Profit
Open trade(s): 2355 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.
TP4 @ 0.9660 touched at 2018.04.17 with 388 pip Profit.
TP5 @ 0.9735 touched at 2018.04.20 with 463 pip Profit.
83 + 168 + 248 + 388 + 463 = 1350 pip

Open Profit:
Profit for one trade is 0.9743(current price) - 0.9272(open price) = 471 pip
5 trade(s) still open, therefore total profit for open trade(s) is 471 x 5 = 2355 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 0.95200 is broken, we will close open trades.

DateApril 21, 2018 - 17:09
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.95200 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 0.95200 is broken.

Technical analysis:

  • A trough is formed in daily chart at 0.9535 on 04/10/2018, so more gains to resistance(s) 0.9815, 0.9955, 1.0100 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 71.

Take Profits:

  1. 0.9355
  2. 0.9440
  3. 0.9520
  4. 0.9660
  5. 0.9735
  6. 0.9815 ✔(2018-04-25)
  7. 0.9955
  8. 1.0100
  9. 1.0325
Click on the level to view price action history.

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