Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9475). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.9525
TP2= @ 0.9555
TP3= @ 0.9580
SL= Break below S2
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Swissfranc
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7027). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 17.
Take Profits:
TP1= @ 0.6890
TP2= @ 0.6800
TP3= @ 0.6740
TP4= @ 0.6604
SL: Break Above R2
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Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.624). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 0.6145
TP2= @ 0.6042
TP3= @ 0.5975
TP4= @ 0.5902
TP5= @ 0.5755
SL: Break Above R2
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. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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ForecastCity English Support Team ❤️
Don't miss the great sell opportunity in USDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9535). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.9475
TP2= @ 0.9440
TP3= @ 0.9410
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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ForecastCity English Support Team ❤️
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.703). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.6968
TP2= @ 0.6916
TP3= @ 0.6800
SL: Break Above R2
Don't miss the great sell opportunity in AUDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.64). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.6323
TP2= @ 0.6234
TP3= @ 0.6072
SL: Break Above R2
There is a possibility for the beginning of an uptrend in USDCHFMidterm forecast:
While the price is above the support 0.9180, beginning of uptrend is expected.
We make sure when the resistance at 0.9900 breaks.
If the support at 0.9180 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
A peak is formed in daily chart at 0.9783 on 05/07/2020, so more losses to support(s) 0.9625, 0.9500, 0.9360 and minimum to Major Support (0.9180) 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 52.
Supports and Resistances
S1: 0.9625
S2: 0.9500
S3: 0.9360
S4: 0.9255
S5: 0.9180
R1: 0.9785
R2: 0.9900
R3: 1.0025
R4: 1.0115
R5: 1.0235
Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.967). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 0.9730
TP2= @ 0.9755
TP3= @ 0.9800
SL= Break below S2
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1885). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.1715
TP2= @ 1.1578
TP3= @ 1.1417
SL: Break Above R2
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0583). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF 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 66.
Take Profits:
TP1= @ 1.0663
TP2= @ 1.0727
TP3= @ 1.0830
SL= Break below S2
Don't miss this Sell trading opportunity of GBPCHF!Midterm forecast:
While the price is below the resistance 1.2200, resumption of downtrend is expected.
We make sure when the support at 1.1670 breaks.
If the resistance at 1.2200 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 1.2115 on 05/05/2020, so more losses minimum to Major Support (1.1670) 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 36.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.22 to 1.214). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.22)
Ending of entry zone (1.214)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons:
Trade Setup:
We opened 6 SELL trade(s) @ 1.1996 (day close price) based on 'Peak' at 2020.05.11.
Total Profit: 1022 pip
Closed trade(s): 162 pip Profit
Open trade(s): 860 pip Profit
Closed Profit:
TP1 @ 1.1960 touched at 2020.05.12 with 36 pip Profit.
TP2 @ 1.1870 touched at 2020.05.13 with 126 pip Profit.
36 + 126 = 162 pip
Open Profit:
Profit for one trade is 1.1996(open price) - 1.1781(current price) = 215 pip
4 trade(s) still open, therefore total profit for open trade(s) is 215 x 4 = 860 pip
All SLs moved to Break-even point.
Take Profit:
TP3= @ 1.1670
TP4= @ 1.1470
TP5= @ 1.1100
TP6= Free
Don't miss the great buy opportunity in CHFJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (109.7). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CHFJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 111.00
TP2= @ 111.50
TP3= @ 112.40
SL= Break below S2
Don't miss the great sell opportunity in AUDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6326). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 0.6282
TP2= @ 0.6227
TP3= @ 0.6134
SL= Break below R2
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.209). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 1.1870
TP2= @ 1.1675
TP3= @ 1.1250
SL: Break Above R2
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2128). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 1.2017
TP2= @ 1.1893
TP3= @ 1.1715
SL: Break Above R2
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6905). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF 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 70.
Take Profits:
TP1= @ 0.6978
TP2= @ 0.7045
TP3= @ 0.7145
SL= Break below S2
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9745.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9675.
TP4: S2=0.965.
Set the stoploss of these orders at breakout of R2=0.979.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.979.
In this situation, there is an expectation to reach the target R3=0.989.
Set the stoploss of reverse orders at breakout of R1=0.9745.
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!
GBPCHF - To Revisit the 2020 low?Haven't published publicly for a while! Quick short idea on GBPCHF.
Initially looking from a weekly perspective, I have made a top down analysis, focusing on the H1 timeframe for a potential entry this coming week.
As illustrated the August '19 low is proving to be a key zone of support, turned resistance and again support at around 1.16750.
The 2020 wick low is the lowest price of all time on this pair and should price manage to break the highlighted zone we may see a further bearish push to the downside to revisit, and sustain, a potential closure around the current low.
I will be setting an alert on this pair to inform me if/when price reaches the 1.16750 area, I can then monitor PA for opening potential shorts.
Huge 500+ pip potential move!
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6820). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF 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 41.
Take Profits:
TP1= @ 0.6940
TP2= @ 0.7123
TP3= @ 0.7265
SL= Break below S2
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0665). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF 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 53.
Take Profits:
TP1= @ 1.0730
TP2= @ 1.0810
TP3= @ 1.1058
SL= Break below S2
Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6557). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF 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 60.
Take Profits:
TP1= @ 0.6620
TP2= @ 0.6690
TP3= @ 0.6820
SL= Break below S2
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9765.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.9725.
TP4: S2=0.9705.
Set the stoploss of these orders at breakout of R2=0.9785.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.9785.
In this situation, there is an expectation to reach the target R3=0.986.
Set the stoploss of reverse orders at breakout of R1=0.9765.
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!
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 0.7325
TP2= @ 0.7382
TP3= @ 0.7424
SL= Break below S2