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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup

#USDCHF
Total Profit: 4802 pip
Closed trade(s): 2576 pip Profit
Open trade(s): 2226 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.
TP6 @ 0.9815 touched at 2018.04.25 with 543 pip Profit.
TP7 @ 0.9955 touched at 2018.05.01 with 683 pip Profit.
83 + 168 + 248 + 388 + 463 + 543 + 683 = 2576 pip

Open Profit:
Profit for one trade is 1.0013(current price) - 0.9272(open price) = 742 pip
3 trade(s) still open, therefore total profit for open trade(s) is 742 x 3 = 2226 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 0.99550 is broken, we will close open trades.
DateJuly 14, 2018 - 16:39
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 0.99550 would begin in Midterm.
  • We will close our open trades, if the Midterm level 0.99550 is broken.

Technical analysis:

  • The symmetric triangles taking shape.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.9855 on 07/09/2018, so more gains to resistance(s) 1.0100, 1.0325, 1.0630 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 62.

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.