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USDCHF
Miembro desde Oct 02, 2014
posts 909
Miembro desde Sep 26, 2018
posts 9
Apr 07, 2019 at 07:17
Miembro desde Dec 21, 2018
posts 17
BuddahMan posted:
USDCHF is up up up at the moment. Probably a bit over extended right now but it would be a brave man to sell into it. I will be buying into pull backs
So, am I a brave man :)? Just keep selling USDCHF for almost 2 months.
Miembro desde Jul 12, 2016
posts 78
May 15, 2019 at 11:42
Miembro desde Jul 12, 2016
posts 78
With a good momentum, the price of USDCHF Spot Forex pair is moving up. Price action is stepping up and Forex traders could easily notice that price action is printing higher swing highs and higher swing lows. Key support level is present at 0.9893 price level, based on most recent swing low in daily time frame of USDCHF.
On Tuesday in Swiss Franc, there was no important news event declaration. Technically; bullish prices could easily move USDCHF towards next resistance target at 1.0300. With reference to the strong up trend, traders should consider only buy trades and no trade against bullish momentum of USDCHF. However; a clear bearish break down in price action below 0.9893 vital support area will end the up momentum. In such type of Forex trading market situation, avoid buying and selling USDCHF and just keep re-analyzing the price movement.
On Tuesday in Swiss Franc, there was no important news event declaration. Technically; bullish prices could easily move USDCHF towards next resistance target at 1.0300. With reference to the strong up trend, traders should consider only buy trades and no trade against bullish momentum of USDCHF. However; a clear bearish break down in price action below 0.9893 vital support area will end the up momentum. In such type of Forex trading market situation, avoid buying and selling USDCHF and just keep re-analyzing the price movement.
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