TradingView
ForecastCity
Jul 13, 2020 1:26 PM

Don't miss the great buy opportunity in USDCHF Long

U.S. Dollar/Swiss FrancFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9405). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.

Take Profits:
TP1= @ 0.9450
TP2= @ 0.9470
TP3= @ 0.9502
TP4= @ 0.9525
TP5= @ 0.9553

SL= Break below S2

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Comments
xrealog
Lovely chart
ForecastCity
@m3r8hb8pi6, Thank you for your comment 🍀 We appreciate it 🍀 💙 😊
claudegeneva
why it is going down now ?
ForecastCity
@claudegeneva, Please read the trading suggestion; There is a possibility of temporary retracement to suggested support line (0.9405).

To read more about how to use the Intraday forecasts, Please click on the link below:

forecastcity.com/en/forecasts/introduction/intraday
Charzfx
What time frame is this analysis hold??
ForecastCity
@Charzfx, It's H1. Please read about the "Intraday forecasts" here:

forecastcity.com/en/forecasts/introduction/intraday
Charzfx
What time frame is this analysis?
ForecastCity
@Charzfx, it's H1. 👍
Mehmetozdemi
Thanks... I will keep an eye on this...
ForecastCity
@Mehmetozdemi, we hope you enjoy it 🍀
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