USD/CHF

Market Opportunities - 17/04/2019

17 April, 2019

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

USD/CHF uowntrend opportunity based On 1.00 Lot Calculation:

Safe haven financial instruments were retreating significantly as the US-China trade negotiations are going well, while the immediate risk of no deal Brexit has also been delayed. Besides that, macroeconomic data from China recently showed solid recovery which pushed the investors toward riskier assets, and Swiss Franc is not among them;

US Retail Sales data for March is scheduled for Thursday, April 18, on 13:30 GMT+1.

USD/CHF April 17, 2019
Pivot Point: 1.0077

USD/CHF

Weekly trend

Trend direction

Up

PIVOT POINTS

Resistance 3

1.0197

Resistance 2

1.0168

Resistance 1

1.0151

Support 1

1.0005

Support 2

0.9990

Support 3

0.9961

Example of calculation based on weekly trend direction for 1.00 Lot*

PIVOT POINTS

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss Long in $

1191

903

734

-714

-863

-1151

Profit or loss Long in €

1053

798

649

-632

-763

-1018

Profit or loss Long in £

913

693

563

-548

-662

-883

* 1.00 lot is equivalent of 100,000 units.
** Calculations for exchange rate used as of 11:20 GMT+1, 17/04/2019.
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** Please consider closing your position in profit, even if it is lower than suggested one.
**** Trailing stop technique can protect the profit – Ask your Senior Account Manager for more details.

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