Welcome trading legends,
In this blog, 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 USD/CHF Dollar/Franc ends the trading week near the level of 0.9256. The pair continues to move within the framework of the growth and the downtrend channel. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines upward, which indicates pressure from buyers of the American currency and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt to correct the price and test the support area near the level of 0.9135. Further, a rebound and an attempt to continue the rise of the pair with a potential target above the level of 0.9975.
An additional signal in favor of raising the Dollar/Franc currency pair will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel, which was broken up by buyers. Cancellation of the growth option for USD/CHF will be a fall and a breakdown of the 0.8725 area. This will indicate a breakdown of the support area and the continuation of the fall of the pair on Forex with a target below the 0.8305 area. Confirmation of the rise in the pair in the current trading week, the week March 22 — 26, 2021 will be a breakdown of the resistance area and closing of quotations above the level of 0.9585.
Among the important news from Switzerland that may affect the rate of the Swiss Franc against the US Dollar, it is worth highlighting: Swiss National Bank (SNB) Interest Rate Decision.
USD/CHF Forecast and Weekly Analysis March 22 — 26, 2021 suggests an attempt to test the support level near the 0.9135 area. Then, the continued growth of USD/CHF to the area above the level of 0.9975. A test of the trend line on the relative strength index (RSI) will be in favor of the rise. Cancellation of the USD/CHF growth option will be a breakdown of the support area and closing of quotations below 0.8725. This will indicate a continued fall of the pair with a potential target below the level of 0.8305.
This all made a nice day for a Forex Signal from Tools Trades.
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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