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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeJuly 22, 2014 - 07:39
Advisebuy (limit) above S1=0.8965
Intraday
Short term
Yesterday range20
Yesterday high0.899
Yesterday low0.897
Yesterday close0.8979
R30.904
R20.901
R10.9
S10.8965
S20.8945
S30.887
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.8965.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.9.
TP4: R2=0.901.
Set the stoploss of these orders at breakout of S2=0.8945.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.8945.
In this situation, there is an expectation to reach the target S3=0.887.
Set the stoploss of reverse orders at breakout of S1=0.8965.

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