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ForecastCity_ME
Sep 23, 2020 10:05 PM

Two buy opportunities on this chart for USDCHF Long

FX:USDCHF240
U.S. Dollar/Swiss FrancFXCM

Description

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Mid-Term Forecast:

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9120).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.

Take Profits:
TP1= @ 0.9251
TP2= @ 0.9360
TP3= @ 0.9465
TP4= @ 0.9550
TP5= @ 0.9900

SL= Break below S3

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Short-Term Forecast:

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9186).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.

Take Profits:
TP1= @ 0.9253
TP2= @ 0.9320
TP3= @ 0.9374
TP4= @ 0.9432
TP5= @ 0.9529

SL= Break below S3

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsUSDdollarchfUSDCHFdollarchf
Comments
Kristalyn
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Impressive and excellent
ForecastCity_ME
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@Kristalyn, 🙏 We hope you enjoy it.
ForecastCity_ME
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@Kristalyn, All the best with your trades.
Sir_Ray
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Super perfect analysis.
ForecastCity_ME
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@Sir_Ray, Thank you for your comment.
ForecastCity_ME
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@Sir_Ray,  Best of luck to you in your trades.
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