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Weekly forecast Euro / Swiss Franc technical chart
Symbol EURCHF

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Trade Setup
#EURCHF
Total Profit: 154 pip
Closed trade(s): 0 pip Profit
Open trade(s): 154 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.0779 (day close price) based on 'Valley' at 2020.11.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.0802(current price) - 1.0779(open price) = 22 pip
7 trade(s) still open, therefore total profit for open trade(s) is 22 x 7 = 154 pip

#EURCHF
Total Profit: -1344 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1344 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.0994 based on 'Valley' at 2019.09.17 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.0802(current price) - 1.0994(open price) = -192 pip
7 trade(s) still open, therefore total profit for open trade(s) is -192 x 7 = -1344 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.

DateNovember 21, 2020 - 15:55
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.05000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.08750 breaks.
  • If the support at 1.05000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.0660 on 11/04/2020, so more gains to resistance(s) 1.0830 and maximum to Major Resistance (1.0875) 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 60.

Take Profits:

  1. 1.0830
  2. 1.0875
  3. 1.0920
  4. 1.0990
  5. 1.1060
  6. 1.1145
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Swiss Franc (EURCHF) free Sun, 24 Mar 2024
Euro / Swiss Franc (EURCHF) free Sun, 17 Mar 2024
Euro / Swiss Franc (EURCHF) free Sun, 10 Mar 2024
Euro / Swiss Franc (EURCHF) free Sun, 3 Mar 2024
Euro / Swiss Franc (EURCHF) free Sun, 25 Feb 2024