Welcome trading legends,
In this video we’ll be trading the USD/CHF asset using the signals provided by the Tools Trades website and the IQ Option broker. Be sure to stick to the end of the video as I’ll be sharing a special promo code with you.
Allow me to explain why I’m trading this particular asset.
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the ascending channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9020. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a slight fall in the US Dollar against the Swiss Franc and a test of the support area near the level of 0.8970. Then, the rebound and the beginning of the rise in the US Dollar rate against the Swiss Franc with a potential target above 0.9165.
An additional signal in favor of the rise of the Dollar/Franc currency pair on FOREX will be a test of the rising trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the growth option for the USD/CHF pair on Forex will be a fall and a breakdown of the 0.8875 area. This will indicate a breakdown of the support area, as well as the lower border of the downward channel and a continued fall in the USD/CHF quotes to the area below the level of 0.8575. Expect confirmation of the growth of the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 0.9065.
USD/CHF Forecast Dollar Franc February 5, 2021 suggests an attempt to test the support area near the level of 0.8970. Further, the continued growth of the USD/CHF currency pair with a target above the level of 0.9165. An additional signal in favor of raising the dollar/franc pair will be a test of the trend line on the relative strength index (RSI). The cancellation of the growth option will be a fall and a breakdown of the 0.8875 area. This will indicate a breakdown of the support level and the continued fall of the pair with a potential target below 0.8575.
As you can see the signals from the Tools Trades website have worked!
The promo code that you see on the screen will give you more trading signals if you use them on the Tools Trades website.
Be sure to watch my other videos on the channel and read the blog page so you learn more. If you want more videos like this be sure to like and subscribe. Thanks for watching and
May the Forex be with you.
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