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USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.0105. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.0065. TP4: S2=1.0045. Set the stoploss of these orders at breakout of R2=1.0115. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.0115. In this situation, there is an expectation to reach the target R3=1.018. Set the stoploss of reverse orders at breakout of R1=1.0105. 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!
Short
by ForecastCity_EU
Weekly forecast for EURUSD USDCHF USDCAD GBPUSD USDJPYBOC decide During the upcoming trading week, central bank action takes center stage, with interest rate decisions from the Bank of Japan, Central Bank of Turkey and the Bank of Japan. The Bank of Canada rate decision is likely to capture the spotlight, as market participants wait to see if the BOC will follow other central banks across the globe and adopt a more dovish stance towards interest rates. The United States economy is also heavily in focus this week as we see Housing, Manufacturing, GDP and Trade data releases from the world’s largest economy. We also see important quarterly Inflation data and projections being released from the Australian economy. Monday 22nd April, USD US Manufacturing PMI The United States PMI Composite reports on Manufacturing activity inside the American economy and represents economic indicators derived from monthly surveys of private sector companies. The Purchase Managers Index data provides advance insight into the private sector economy by tracking variables such as output, new orders, employment and prices across key sectors. ∙ The EURUSD pair is only bearish while trading below the 1.1290 level, key support is found at the 1.1175 and 1.1110 levels. ∙ If the EURUSD pair moves above the 1.1290 level, buyers will likely test towards the 1.1330 and 1.1360 resistance levels. Tuesday 23rd April, USD US Housing Price Index The United States Housing Price Index is released by the Office of Federal Reserve Housing Enterprise Oversight and is a broad measure of the movement of single-family house prices. The Housing Price Index measures average price changes in repeat sales or refinancings on the same properties in three hundred and sixty-three metropolises. It is an important indicator as the housing market is considered as a sensitive factor to the US economy. ∙ The USDCHF pair is bullish while trading above the 1.0100 level, key resistance is found at the 1.0220 and 1.0350 levels. ∙ If the USDCHF pair moves below the 1.0100 level, sellers may test the 1.0050 and 1.0000 support levels. Wednesday 24th April, CAD Bank of Canada Rate Decision The Bank of Canada Interest Rate Decision is a decision of the governing council members on where to set the nations interest rate. Most market participants believe that the Bank of Canada will leave interest rates on hold this week after a series of hikes last year. After the actual rate decision, the central bank releases a policy statement that contains the BOC’s collective perspective on the economy also ideas about future monetary policy. ∙ The USDCAD pair is only bullish while trading above the 1.3240 level, further upside towards 1.3450 and 1.3580 levels would then seem possible. ∙ If the USDCAD pair trades below the 1.3300 level, sellers are likely to test the 1.32605and 1.3220 support levels. Thursday 25th April, USD US Durable Goods Orders US Durable Goods Orders is a government report and is released by the US Census Bureau which measures consumer spending on long-term purchases, products that are expected to last more than three years. Durable goods are generally sensitive to monthly volatility as US consumers may delay purchases of durable items such as cars and televisions and choose to only spend money on necessities in times of economic hardship. ∙ The GBPUSD pair is bearish while trading below the 1.3100 level, key support is found at the 1.2985 and 1.2880 levels. ∙ If the GBPUSD pair moves above the 1.3100 level, buyers will likely test towards the 1.3155 and 1.3200 resistance levels. Friday 26th April, USD US GDP Annualized United States GDP Annualized is released by the US Bureau of Economic Analysis and is based on quarterly economic data. US Gross Domestic Products is the market value of all final goods and services from a nation, usually calculated on an annual basis. Because most of the report components are known in advance, the United States GDP reports significance and ability to move markets has decreased. ∙ The USDJPY pair is bullish while trading above the 111.60 level, further upside towards the 112.60 and 113.20 resistance levels seems possible. ∙ If the USDjpy pair trades below the 111.60 level, sellers are likely to test towards the 111.30 and 110.90 support levels.
by OctaFX_Official
USDCHF Approaching Resistance, Prepare For A Reversal USDCHF is approaching its resistance at 1.0122(61.8% & 100% Fibonacci extension, horizontal swing high resistance) where it is expected to reverse down to its support at 1.0022(50% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Klimex
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!
Short
by ForecastCity
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.996. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.9915. TP4: S2=0.99. Set the stoploss of these orders at breakout of R2=0.9975. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=0.9975. In this situation, there is an expectation to reach the target R3=1.0045. 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!
Short
by ForecastCity
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.999. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=0.994. TP4: S2=0.9905. Set the stoploss of these orders at breakout of R2=1.001. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.001. In this situation, there is an expectation to reach the target R3=1.0085. Set the stoploss of reverse orders at breakout of R1=0.999. 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!
Short
by ForecastCity
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!
Short
by ForecastCity
Long entry of the lower end of the range with MPP (P)When MPP (P) functions as a resistance line, consider long entry. First limit: WePP (P) 0.99610 Second limit: 1.00000 Third limit: 1.00400 I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
MPP, almost did not move.MPP was updated in July. Unfortunately, however, it did not almost move about this symbol. As the weekly chart, it is a range market so it will be both short and long compactly for a while. Weekly chart << tactics >> 1) MPP (P) 0.98956 is function as a support line long. The first limit is under WePP (R1) 0.99799. The second limit is under 1.0000 but it seems to be dangerous. 2) It is doubtful whether MPP (P) 0.98956 functioned as a support line After going through MPP (P) 0.98956 and acting as a resistance line, consider a short entry. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
A Second Chance to Buy in CHFJPY ...New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. * There is still possibility of temporary retracement to suggested support line (0.9815), if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the price is above the support 0.9815, continuation of uptrend is expected. We make sure when the resistance at 1.0132 breaks. If the support at 0.9815 is broken, the short-term forecast -continuation of uptrend- will be invalid. Price may also reach 0.9815, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. We will close our open trades, if the Midterm level 0.9815 is broken. Technical analysis: A trough is formed in daily chart at 0.9535 on 04/10/2018, so more gains to resistance(s) 1.0100, 1.0325, 1.0630 and more heights 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 84. Total Profit: 4748 pip Closed trade(s): 2576 pip Profit Open trade(s): 2172 pip Profit Trade Setup: We opened 10 BUY trade(s) @ 0.9272 (day close price) based on 'Two Day Reversal Candle (Hammer)' at 2018.02.16 signaled by our "Daily Trading Opportunity" Closed Profit: TP1 @ 0.9355 touched at 2018.02.20 with 83 pip Profit. TP2 @ 0.9440 touched at 2018.02.28 with 168 pip Profit. TP3 @ 0.9520 touched at 2018.03.09 with 248 pip Profit. TP4 @ 0.9660 touched at 2018.04.17 with 388 pip Profit. TP5 @ 0.9735 touched at 2018.04.20 with 463 pip Profit. TP6 @ 0.9815 touched at 2018.04.25 with 543 pip Profit. TP7 @ 0.9955 touched at 2018.05.01 with 683 pip Profit. 83 + 168 + 248 + 388 + 463 + 543 + 683 = 2576 pip Open Profit: Profit for one trade is 0.9996(current price) - 0.9272(open price) = 724 pip 3 trade(s) still open, therefore total profit for open trade(s) is 724 x 3 = 2172 pip Take Profits: TP8= @ 1.0100 TP9= @ 1.0325 TP10= @ Free
Long
by ForecastCity
A New Trading Opportunity to Buy. TP7 hit with 4664 profit...New trading suggestion: *The price is in an Up Trend and we forecast the uptrend would continue. *There is still possibility of temporary retracement to suggested support line (0.9648) , if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the level 0.9648 is not broken, the Midterm wave will be uptrend. Price may also reach 0.9648, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. We will close our open trades, if the Midterm level 0.9648 is broken. Technical analysis: A trough is formed in daily chart at 0.9535 on 04/10/2018, so more gains to resistance(s) 1.0100, 1.0325 and more heights 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 81. Total Profit: 4664 pip Closed trade(s): 2576 pip Profit Open trade(s): 2088 pip Profit Trade Setup: We opened 10 BUY trade(s) @ 0.9272 (day close price) based on 'Two Day Reversal Candle (Hammer)' at 2018.02.16 signaled by our "Daily Trading Opportunity" Closed Profit: TP1 @ 0.9355 touched at 02.20.2018 with 83 pip Profit. TP2 @ 0.9440 touched at 02.28.2018 with 168 pip Profit. TP3 @ 0.9520 touched at 03.09.2018 with 248 pip Profit. TP4 @ 0.9660 touched at 04.17.2018 with 388 pip Profit. TP5 @ 0.9735 touched at 04.20.2018 with 463 pip Profit. TP6 @ 0.9815 touched at 04.25.2018 with 543 pip Profit. TP7 @ 0.9955 touched at 05.01.2018 with 683 pip Profit. 83 + 168 + 248 + 388 + 463 + 543 + 683 = 2576 pip Open Profit: Profit for one trade is 0.9968(current price) - 0.9272(open price) = 696 pip 3 trade(s) still open, therefore total profit for open trade(s) is 696 x 3 = 2088 pip Take Profits: TP8= @ 1.0100 TP9= @ 1.0325 TP10= @ Free
Long
by ForecastCity