Weekly USDCHF Technical Analysis and Forecast - Forex

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Weekly forecast US Dollar / Swiss Franc technical chart

Symbol

USDCHF

Download MT4 template file

Trade Setup

#USDCHF
Total Profit: 1998 pip
Closed trade(s): 84 pip Profit
Open trade(s): 1914 pip Profit

Trade Setup:
We opened 12 SELL trade(s) @ 1.0069 (day close price) based on 'Two-day reversal candle (Shooting Star)' at 2018.11.13 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.9985 touched at 2018.11.19 with 84 pip Profit.

Open Profit:
Profit for one trade is 1.0069(open price) - 0.9895(current price) = 174 pip
11 trade(s) still open, therefore total profit for open trade(s) is 174 x 11 = 1914 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.

Date December 10, 2018 - 08:31

Current range bound

Forecast beginning 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 1.01300 would begin in Midterm.

Technical analysis:

The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
While the RSI resistance #2 at 51 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.0005 on 12/05/2018, so more losses to support(s) 0.9865, 0.9815, 0.9755 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:

0.9985
- Resistance on 12/06/2018
- Support on 11/16/2018
- Support on 11/07/2018
- Support on 11/02/2018
- Resistance on 10/24/2018
- Resistance on 10/22/2018
- Resistance on 08/15/2018
- Resistance on 08/06/2018
- Peak on 08/06/2018
- Resistance on 07/20/2018
- Resistance on 06/29/2018
- Resistance on 06/28/2018
- Resistance on 06/21/2018
- Resistance on 06/20/2018
- Resistance on 06/18/2018
- Resistance on 06/15/2018
- Resistance on 05/29/2018
- Resistance on 05/22/2018
- Support on 05/17/2018
- Support on 05/16/2018
- Support on 05/15/2018
- Support on 05/14/2018
- Support on 05/11/2018
- Resistance on 05/03/2018
- Resistance on 05/02/2018
0.9865
- Support on 10/16/2018
- Support on 10/15/2018
- Support on 10/11/2018
- Resistance on 10/02/2018
- Resistance on 08/24/2018
- Resistance on 08/23/2018
- Support on 07/31/2018
- Trough on 07/31/2018
- Support on 07/09/2018
- Support on 06/26/2018
- Support on 06/25/2018
- Support on 06/22/2018
- Resistance on 06/11/2018
- Resistance on 06/08/2018
- Resistance on 06/07/2018
- Resistance on 06/06/2018
- Support on 06/04/2018
- Support on 05/29/2018
- Resistance on 12/28/2017
- Support on 12/21/2017
- Support on 12/07/2017
- Resistance on 12/04/2017
- Resistance on 12/01/2017
- Support on 11/15/2017
- Resistance on 10/23/2017
- Resistance on 05/17/2017
- Support on 02/02/2017
- Support on 01/31/2017
- Support on 10/31/2016
- Support on 10/28/2016
- Support on 10/20/2016
- Resistance on 09/01/2016
- Resistance on 08/31/2016
0.9815
- Support on 10/03/2018
- Resistance on 09/28/2018
- Resistance on 08/28/2018
- Support on 08/24/2018
- Support on 08/23/2018
- Support on 08/22/2018
- Support on 04/26/2018
- Resistance on 04/24/2018
- Resistance on 01/11/2018
- Support on 11/30/2017
- Support on 11/29/2017
- Support on 11/22/2017
- Resistance on 10/19/2017
- Resistance on 10/18/2017
- Resistance on 10/17/2017
- Resistance on 10/06/2017
- Support on 03/27/2017
- Support on 10/11/2016
- Resistance on 10/07/2016
- Resistance on 10/06/2016
- Resistance on 10/04/2016
- Resistance on 09/21/2016
- Resistance on 09/20/2016
- Resistance on 09/19/2016
- Resistance on 09/16/2016
- Resistance on 09/06/2016
- Resistance on 09/05/2016
- Resistance on 09/02/2016
- Resistance on 08/10/2016
- Resistance on 08/05/2016
- Resistance on 07/29/2016
- Support on 07/19/2016
- Support on 07/18/2016
- Support on 07/13/2016
- Support on 07/12/2016
- Resistance on 06/30/2016
- Resistance on 06/27/2016
- Resistance on 05/17/2016
- Support on 03/14/2016
- Support on 03/11/2016
- Support on 03/10/2016
- Support on 12/16/2015
- Support on 12/15/2015
- Support on 12/14/2015
- Support on 12/11/2015
- Support on 12/09/2015
- Support on 10/28/2015
- Resistance on 09/28/2015
- Resistance on 09/25/2015
- Resistance on 09/24/2015
- Resistance on 09/09/2015
- Resistance on 09/08/2015
- Support on 08/11/2015
- Resistance on 08/06/2015
- Resistance on 08/05/2015
- Resistance on 04/13/2015
- Resistance on 04/10/2015
- Resistance on 03/23/2015
- Support on 03/19/2015
- Support on 03/18/2015
- Resistance on 12/18/2014
- Resistance on 12/08/2014
0.9755
- Support on 09/28/2018
- Resistance on 09/12/2018
- Resistance on 09/11/2018
- Resistance on 09/10/2018
- Resistance on 09/05/2018
- Resistance on 09/04/2018
- Support on 08/28/2018
- Resistance on 04/20/2018
- Resistance on 01/12/2018
- Support on 01/11/2018
- Support on 01/10/2018
- Support on 01/09/2018
- Support on 12/01/2017
- Support on 10/20/2017
- Support on 10/19/2017
- Resistance on 10/04/2017
- Resistance on 10/03/2017
- Resistance on 10/02/2017
- Resistance on 09/28/2017
- Resistance on 09/27/2017
- Resistance on 09/21/2017
- Resistance on 08/16/2017
- Resistance on 08/15/2017
- Resistance on 08/08/2017
- Resistance on 08/04/2017
- Resistance on 06/21/2017
- Resistance on 06/20/2017
- Resistance on 06/19/2017
- Resistance on 06/16/2017
- Resistance on 06/15/2017
0.9660
- Resistance on 09/26/2018
- Resistance on 09/25/2018
- Support on 08/31/2018
- Support on 04/19/2018
- Resistance on 01/18/2018
- Resistance on 01/17/2018
- Resistance on 01/16/2018
- Support on 01/12/2018
- Support on 09/26/2017
- Support on 09/25/2017
- Resistance on 09/14/2017
- Resistance on 09/13/2017
- Resistance on 09/01/2017
- Resistance on 08/31/2017
- Resistance on 08/25/2017
- Resistance on 07/27/2017
- Resistance on 07/17/2017
- Resistance on 07/12/2017
- Resistance on 07/11/2017
- Resistance on 07/10/2017
- Resistance on 07/07/2017
- Resistance on 07/06/2017
- Resistance on 07/05/2017
- Resistance on 07/04/2017
- Support on 06/14/2017
- Support on 06/13/2017
- Support on 06/09/2017
- Support on 11/09/2016
- Support on 09/27/2016
- Support on 09/26/2016
- Support on 09/22/2016
- Support on 09/08/2016
- Support on 08/26/2016
- Support on 08/01/2016
- Support on 07/29/2016
- Resistance on 06/17/2016
- Resistance on 06/16/2016
- Resistance on 06/15/2016
- Resistance on 06/14/2016
- Resistance on 06/13/2016
- Resistance on 06/10/2016
- Resistance on 06/09/2016
- Resistance on 06/08/2016
- Support on 05/12/2016
- Support on 05/06/2016
- Support on 04/28/2016
- Resistance on 04/18/2016
- Resistance on 03/31/2016
- Support on 03/29/2016
- Support on 03/18/2016
- Support on 03/17/2016
- Support on 02/11/2016
0.9540
- Support on 09/21/2018
- Trough on 09/21/2018
- Support on 04/10/2018
- Support on 04/03/2018
- Resistance on 03/19/2018
- Resistance on 03/16/2018
- Resistance on 03/09/2018
- Support on 01/19/2018
- Support on 09/12/2017
- Support on 09/06/2017
- Support on 09/05/2017
- Support on 09/01/2017
- Support on 08/30/2017
- Support on 08/29/2017
- Support on 08/28/2017
- Support on 08/25/2017
- Resistance on 07/26/2017
- Support on 07/19/2017
- Support on 07/18/2017
- Support on 11/09/2016
- Support on 08/19/2016
- Support on 08/18/2016
- Support on 06/23/2016
- Support on 05/04/2016
- Support on 05/03/2016
- Support on 05/02/2016
- Support on 04/13/2016
- Support on 04/12/2016
- Support on 04/07/2016
- Support on 04/06/2016
- Support on 04/05/2016
- Support on 04/01/2016
- Support on 10/21/2015
- Support on 10/20/2015
- Support on 09/18/2015
- Support on 08/27/2015
- Support on 07/31/2015
- Support on 07/27/2015
- Support on 07/23/2015
- Resistance on 07/15/2015
- Resistance on 07/14/2015
- Resistance on 05/27/2015
- Resistance on 05/26/2015
- Support on 04/23/2015
- Support on 04/22/2015
- Support on 04/21/2015
- Support on 04/16/2015
- Support on 03/26/2015
- Support on 03/25/2015
- Support on 03/24/2015
- Resistance on 02/27/2015
- Resistance on 02/26/2015
- Resistance on 02/20/2015
- Support on 11/19/2014
- Resistance on 10/24/2014
- Resistance on 10/23/2014
- Resistance on 10/22/2014
- Resistance on 10/15/2014
- Resistance on 10/14/2014
- Support on 10/10/2014
- Support on 05/14/2013
- Resistance on 03/28/2013
- Resistance on 03/27/2013
- Resistance on 03/14/2013
- Resistance on 03/13/2013
- Resistance on 03/08/2013
- Resistance on 09/07/2012
- Support on 09/05/2012
- Support on 08/31/2012
- Support on 08/28/2012
- Support on 08/23/2012
- Support on 06/22/2012
- Support on 06/13/2012
- Support on 06/08/2012
- Support on 06/07/2012
- Support on 06/06/2012
- Resistance on 01/13/2012
- Resistance on 01/12/2012
- Resistance on 01/11/2012
- Resistance on 01/05/2012
- Resistance on 12/15/2011
0.9440
- Support on 03/27/2018
- Support on 03/26/2018
- Support on 03/23/2018
- Support on 03/15/2018
- Resistance on 03/07/2018
- Resistance on 02/08/2018
- Resistance on 02/07/2018
- Resistance on 01/26/2018
- Support on 01/24/2018
- Support on 08/29/2017
- Support on 07/24/2017
- Support on 07/21/2017
- Support on 05/03/2016
0.9185
- Support on 02/16/2018
- Trough on 02/16/2018
- Support on 06/18/2015
- Support on 06/17/2015
- Support on 05/08/2015
- Support on 02/09/2015
- Support on 02/06/2015
- Support on 02/03/2015
- Resistance on 01/27/2015
- Resistance on 08/29/2014
- Resistance on 08/27/2014
- Resistance on 08/26/2014
- Resistance on 11/21/2013
- Resistance on 11/20/2013
- Resistance on 11/15/2013
- Resistance on 11/14/2013
- Resistance on 11/13/2013
- Resistance on 11/07/2013
- Resistance on 10/15/2013
- Support on 08/23/2013
- Support on 08/09/2013
- Support on 08/08/2013
- Support on 06/19/2013
- Support on 06/18/2013
- Support on 06/14/2013
- Support on 06/13/2013
- Support on 06/12/2013
- Support on 02/20/2013
- Resistance on 02/13/2013
- Resistance on 02/08/2013
- Resistance on 02/07/2013
- Resistance on 01/02/2013
- Resistance on 12/28/2012
- Resistance on 12/21/2012
- Resistance on 12/18/2012
- Support on 05/08/2012
- Support on 05/07/2012
- Resistance on 05/04/2012
- Resistance on 04/19/2012
- Resistance on 04/18/2012
- Resistance on 04/17/2012
- Resistance on 04/12/2012
- Resistance on 04/11/2012
- Resistance on 04/10/2012
- Resistance on 04/09/2012
- Resistance on 04/04/2012
- Resistance on 03/08/2012
- Resistance on 02/20/2012
- Support on 02/17/2012
- Support on 02/16/2012
- Support on 02/15/2012
- Resistance on 02/10/2012
- Resistance on 02/03/2012
- Resistance on 02/02/2012
- Resistance on 01/30/2012
- Support on 01/26/2012
- Support on 12/09/2011
- Support on 12/08/2011
- Support on 12/06/2011
- Support on 12/05/2011
- Resistance on 12/01/2011
- Support on 11/29/2011
- Support on 11/28/2011
- Support on 11/25/2011
- Support on 11/24/2011
- Resistance on 11/22/2011
- Resistance on 11/21/2011
- Support on 11/17/2011
- Resistance on 11/15/2011
- Support on 10/07/2011
- Support on 10/06/2011
- Resistance on 09/22/2011
- Support on 04/04/2011
0.8700
- Support on 01/23/2015
- Support on 01/20/2015
- Resistance on 01/16/2015
- Support on 05/08/2014
- Support on 03/14/2014
- Support on 03/13/2014
0.7755
- Support on 01/15/2015
- Support on 09/02/2011
- Support on 08/16/2011
0.7065
- Support on 08/09/2011

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

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Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101