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USDCHF

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