Thread: Usd/Chf
The pair stabilized trading against the franc above the level of 1.0000, waiting for a positive incentive supports the resumption of the bullish major trend, which targets start to overcome the barrier of 1.0130 to open the way towards 1.0330.
SMA 50 continues to support the expected bullish wave, with a reminder that the continuation of the bullish trend depends on stability above 0.9900 and more importantly above 0.9800.
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Being the dollar against the franc pair test of 1.0000 now, with a note that the stochastic reaches the threshold of oversold areas and close to provide a positive crossover signal on the time frame of four hours, which is a positive incentive to wait for the price to rebound pushes up through the coming sessions.
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Keep the dollar against the franc on stability above 1.0000 barrier, and gets a positive ongoing support from the SMA 50, which keeps the positive scenario exists in general, and the price needs to break through the 1.0130 level to confirm the trend towards 1.0330 key areas as a way station next.
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Opens dollar against the franc trading this week bullish tendency supported by Stochastic positively, reinforcing expectations of continued bullish major trend, which targets start to overcome the barrier of 1.0130 to open the way towards the summit recorded recently at 1.0330.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The pair continues to fluctuate against the franc on both sides of the path between 1.0000 support and 1.0130 resistance, with reference to the stability above the mentioned support represents the first protection factor for the continuation of the main positive scenario, waiting for a break of 1.0130 to confirm the extension of the bullish wave towards 1.0330 key next station.
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