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Intraday forecastUS Dollar / Swiss Franc technical chart
SymbolUSDCHF
Release TimeAugust 30, 2015 - 22:20
Advisebuy (limit) above S1=0.957
Intraday
Short term
Yesterday range88
Yesterday high0.9665
Yesterday low0.9577
Yesterday close0.9623
R30.9775
R20.9725
R10.9665
S10.957
S20.955
S30.947
Trade setup

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.957.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.9665.
TP4: R2=0.9725.
Set the stoploss of these orders at breakout of S2=0.955.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.955.
In this situation, there is an expectation to reach the target S3=0.947.
Set the stoploss of reverse orders at breakout of S1=0.957.

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