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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup
#USDCHF
Total Profit: 1683 pip
Closed trade(s): 1135 pip Profit
Open trade(s): 548 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 0.8968 (day close price) based on 'Valley' at 2021.02.01 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.8980 touched at 2021.02.02 with 12 pip Profit.
TP2 @ 0.9055 touched at 2021.02.23 with 87 pip Profit.
TP3 @ 0.9180 touched at 2021.03.02 with 212 pip Profit.
TP4 @ 0.9295 touched at 2021.03.04 with 327 pip Profit.
TP5 @ 0.9465 touched at 2021.04.01 with 497 pip Profit.
12 + 87 + 212 + 327 + 497 = 1135 pip

Open Profit:
Profit for one trade is 0.9242(current price) - 0.8968(open price) = 274 pip
2 trade(s) still open, therefore total profit for open trade(s) is 274 x 2 = 548 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.
  • If the Midterm level 0.90550 is broken, we will close open trades.

DateApril 10, 2021 - 20:07
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.90550 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.90550 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 0.93745 on 2021-03-09 and the peak at 0.94765 on 2021-04-02, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
  • A peak is formed in daily chart at 0.9470 on 04/01/2021, so more losses to support(s) 0.9215, 0.9180 and minimum to Major Support (0.9055) 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. 0.8980
  2. 0.9055
  3. 0.9180
  4. 0.9295
  5. 0.9465
  6. 0.9900
Click on the level to view price action history.

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US Dollar / Swiss Franc (USDCHF) free Sat, 23 Mar 2024
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