Two buy opportunities on this chart for USDCHFMid-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
----------------------------------------------------------------------------------------------------------------
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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Dollarchf
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9965.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9915.
TP4: S2=0.9885.
Set the stoploss of these orders at breakout of R2=0.999.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.999.
In this situation, there is an expectation to reach the target R3=1.007.
Set the stoploss of reverse orders at breakout of R1=0.9965.
Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.011.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.007.
TP4: S2=1.0045.
Set the stoploss of these orders at breakout of R2=1.013.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.013.
In this situation, there is an expectation to reach the target R3=1.0205.
Set the stoploss of reverse orders at breakout of R1=1.011.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!