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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup
#USDCHF
Total Profit: 370 pip
Closed trade(s): 255 pip Profit
Open trade(s): 115 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.0010 (day close price) based on 'Peak' at 2019.05.31 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.9985 touched at 2019.06.03 with 25 pip Profit.
TP2 @ 0.9925 touched at 2019.06.03 with 85 pip Profit.
TP3 @ 0.9865 touched at 2019.06.05 with 145 pip Profit.
25 + 85 + 145 = 255 pip

Open Profit:
Profit for one trade is 1.0010(open price) - 0.9987(current price) = 23 pip
5 trade(s) still open, therefore total profit for open trade(s) is 23 x 5 = 115 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.

DateJune 15, 2019 - 21:45
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 1.00500 would begin in Midterm.

Technical analysis:

  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.9855 on 06/05/2019, so more gains maximum to Major Resistance (1.0050) 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 48.

Take Profits:

  1. 0.9985
  2. 0.9925
  3. 0.9865
  4. 0.9710
  5. 0.9540
  6. 0.9185
  7. 0.8700
Click on the level to view price action history.

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