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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup
#USDCHF
Total Profit: -18 pip
Closed trade(s): 12 pip Profit
Open trade(s): -30 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.

Open Profit:
Profit for one trade is 0.8963(current price) - 0.8968(open price) = -5 pip
6 trade(s) still open, therefore total profit for open trade(s) is -5 x 6 = -30 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.

DateFebruary 21, 2021 - 14:02
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.87550, beginning of uptrend is expected.
  • We make sure when the resistance at 0.90550 breaks.
  • If the support at 0.87550 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 0.8870 on 02/16/2021, so more gains to resistance(s) 0.8980 and maximum to Major Resistance (0.9055) 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 55.

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 Sun, 14 Apr 2024
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