The Swiss franc puts pressure on the US dollar in the USDCHF

  • Apr 12 2021
  • by
  • Analyst AZA
The Swiss franc puts pressure on the US dollar in the USDCHF

Today, the Swiss franc is strong and puts pressure on the US dollar

After a sideways trend in the Forex currency pair with the US dollar, the Swiss franc began to show its strength. The chart shows that the uptrend is broken, the price is below the 200 average and may continue to fall if it overcomes the nearest support level of 0.9210. The price does not have a very large range for the Take Profit, but given that this is not a highly volatile currency pair, the target of 45 pips will satisfy the day trader.

Symbol: USDCHF
Order Type: Pending Order - Sell Stop
Entry Price: 0.92100
Take Profit: 0.91650
Pips Earning: 45

The result of a trade recommendation. The price reached the Take Profit level on the 5th day.

The result of a trade recommendation

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In case of opening a position on this trading recommendation, the profit can be $354.33 with the order volume is 1 Lot.

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