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USDCHF is trying to break free from the bears' clutches

  • Sep 17 2021
  • by
  • Analyst AZA
USDCHF is trying to break free from the bears' clutches

USDCHF is trying to break free from the bears' clutches

The USDCHF rate in forex began to rise yesterday. The currency pair is trying to break free from the bears' clutches. The price managed to overcome the resistance levels of 0.9240 and consolidated above 0.9270. Thus, only a strong resistance at 0.9315 can hold the price back. This currency pair is not very volatile, so our target of 30 pips is quite reasonable.

Symbol: USDCHF
Order Type: Pending Order - Buy Stop
Entry Price at 0.9285
Take Profit at 0.9315
Pips Earning: 30

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1765
USDJPY buy at the price of 110.00
GBPUSD sell at the price of 1.3785
XAUUSD sell at the price of 1745.00

The result of a trade recommendation

The result of a trade recommendation

 

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The profit can be $324.66 if the trading volume of 100000 USD (1 Lot).
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