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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF
Trade Setup

#USDCHF
Total Profit: -1212 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1212 pip Profit

Trade Setup:
We opened 12 BUY trades @ 0.93573 based on 'Valley' entry method at 2023-01-03, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Open Profit:
Profit for one BUY trade is 0.92556(current price) - 0.93573(open price) = -101 pip
12 trade(s) still open, therefore total profit for open trade(s) is -101 x 12 = -1212 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.
DateMarch 18, 2023 - 14:26
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.90850, beginning of uptrend is expected.
  • We make sure when the resistance at 0.94400 breaks.
  • If the support at 0.90850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.90700 on 03/13/2023, so more gains to resistance(s) 0.93132, 0.93700 and maximum to Major Resistance (0.94400) 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. 0.94400
  2. 0.94920
  3. 0.95800
  4. 0.96650
  5. 0.97340
  6. 0.97920
  7. 0.98700
  8. 0.99200
  9. 1.00600
  10. 1.01453
  11. 1.02388
Click on the level to view price action history.
Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) free Sun, 14 Apr 2024
US Dollar / Swiss Franc (USDCHF) Sun, 14 Apr 2024
US Dollar / Swiss Franc (USDCHF) free Thu, 11 Apr 2024
US Dollar / Swiss Franc (USDCHF) free Sat, 6 Apr 2024
US Dollar / Swiss Franc (USDCHF) free Sat, 30 Mar 2024
History
Daily-Trading-Opportunities on USDCHF.