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 Dollar Franc USD/CHF continues to move within the framework of strong growth and an upward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9089. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the areas between the signal lines upward, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a slight correction of the US Dollar against the Swiss Franc and a test of the support area near the level of 0.9025. Then, a rebound and the beginning of the growth of the US Dollar against the Swiss Franc with a potential target above 0.9185.
An additional signal in favor of the rise of the Dollar/Franc currency pair on FOREX will be a test of the ascending trend line on the relative strength index (RSI). The second signal will be a rebound from the support level. Cancellation of the option to raise the USD/CHF pair on Forex will be a fall and a breakdown of the 0.8945 area. This will indicate a breakdown of the support area and a continued fall in the USD/CHF quotes to the area below the level of 0.8725. Expect confirmation of the growth of USD/CHF quotes with the breakdown of the resistance area and closing above 0.9135.
USD/CHF Forecast Dollar Franc February 25, 2021, suggests an attempt to test the support area near the level of 0.9025. Further, the continued growth of the USD/CHF currency pair with a target above the level of 0.9185. 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 0.8945 area. This will indicate a breakdown of the support level and a continued decline in the pair with a potential target below 0.8725.
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.
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May the Forex be with you.
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