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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup

#USDCHF
Total Profit: 1249 pip
Closed trade(s): 144 pip Profit
Open trade(s): 1105 pip Profit

Trade Setup:
We opened 15 SELL trade(s) @ 0.9912 (day close price) based on 'Peak' at 2018.08.20 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.9865 touched at 2018.08.21 with 47 pip Profit.
TP2 @ 0.9815 touched at 2018.08.22 with 97 pip Profit.
47 + 97 = 144 pip

Open Profit:
Profit for one trade is 0.9912(open price) - 0.9827(current price) = 85 pip
13 trade(s) still open, therefore total profit for open trade(s) is 85 x 13 = 1105 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
DateAugust 26, 2018 - 17:40
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.01000 would begin in Midterm.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 1.0055 on 2018-05-10 and the peak at 1.0065 on 2018-07-13, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 0.9985 on 08/06/2018, so more losses to support(s) 0.9815, 0.9735, 0.9660 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 37.

Take Profits:

  1. 0.9865
  2. 0.9815
  3. 0.9735
  4. 0.9660
  5. 0.9520
  6. 0.9440
  7. 0.9355
  8. 0.9185
  9. 0.9070
  10. 0.8890
  11. 0.8700
  12. 0.8280
  13. 0.7710
  14. 0.7065
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.