ForecastCity

Two great Buy opportunities on this chart for USDCHF

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
Mid-Term Forecast
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9043). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 46.

Take Profits:
TP1= @ 0.9240
TP2= @ 0.9375
TP3= @ 0.9531
TP4= @ 0.9645
TP5= @ 0.9765

SL= Break below S2

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Short-Term Forecast
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.907). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.

Take Profits:
TP1= @ 0.9150
TP2= @ 0.9195
TP3= @ 0.9250
TP4= @ 0.9380
TP5= @ 0.9541

SL= Break below S2

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