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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeAugust 3, 2015 - 19:59
Advisebuy (limit) above S1=0.9645
Intraday
Short term
Yesterday range149
Yesterday high0.9695
Yesterday low0.9546
Yesterday close0.9664
R30.976
R20.972
R10.97
S10.9645
S20.963
S30.9555
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9645.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.97.
TP4: R2=0.972.
Set the stoploss of these orders at breakout of S2=0.963.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.963.
In this situation, there is an expectation to reach the target S3=0.9555.
Set the stoploss of reverse orders at breakout of S1=0.9645.

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