Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast US Dollar vs. Swiss Franc technical chart
Symbol USDCHF

Download MT4 template file

Trade Setup
#USDCHF
Total Profit: 2760 pip
Closed trade(s): 856 pip Profit
Open trade(s): 1904 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.
TP2 @ 0.9865 touched at 2018.12.11 with 204 pip Profit.
TP3 @ 0.9815 touched at 2018.12.28 with 254 pip Profit.
TP4 @ 0.9755 touched at 2019.01.09 with 314 pip Profit.
84 + 204 + 254 + 314 = 856 pip

Open Profit:
Profit for one trade is 1.0069(open price) - 0.9831(current price) = 238 pip
8 trade(s) still open, therefore total profit for open trade(s) is 238 x 8 = 1904 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.
  • If the Midterm level 0.9985 is broken, we will close open trades.

DateSat, 01/12/2019 - 16:25
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.9985 would begin in Midterm.
  • We will close our open trades, if the Midterm level 0.9985 is broken.

Technical analysis:

  • While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.9715 on 01/10/2019, so more gains to resistance(s) 0.9865 and maximum to Major Resistance (0.9985) 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 45.

Take Profits:

  1. 0.9985
  2. 0.9865
  3. 0.9815
  4. 0.9755
  5. 0.9660
  6. 0.9540
  7. 0.9440
  8. 0.9185
  9. 0.8700
  10. 0.7755
  11. 0.7065
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar vs. Swiss Franc (USDCHF) free Sat, 16 Mar 2019
US Dollar vs. Swiss Franc (USDCHF) Sat, 9 Mar 2019
US Dollar vs. Swiss Franc (USDCHF) Sat, 2 Mar 2019
US Dollar vs. Swiss Franc (USDCHF) Sat, 23 Feb 2019
US Dollar vs. Swiss Franc (USDCHF) Sat, 16 Feb 2019