#USDCHF: 878+ PIPS Swing Buy In Making! Good Luck!
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Dear Traders,
USDCHF
Price has been dropping since we had a change of character, there are many factors that are helping in USDCHF to drop. The mainly the first reason is CHF dominance in the market, CHF has been bullish ever since Gold continued the bullish trend, CHF, AUD and GOLD all of these three are positively correlated. Other fundamental reason is the blooming fear of recession in the US Market, on Friday we saw indices and stocks drop record high similarly to the first announcement of covid lockdown. USD index saw sharp drop due to this and it is likely that price will continue to do that on dxy index.
USDCHF Price has been dropping since we had a change of character, there are many factors that are helping in USDCHF to drop. The mainly the first reason is CHF dominance in the market, CHF has been bullish ever since Gold continued the bullish trend, CHF, AUD and GOLD all of these three are positively correlated. Other fundamental reason is the blooming fear of recession in the US Market, on Friday we saw indices and stocks drop record high similarly to the first announcement of covid lockdown. USD index saw sharp drop due to this and it is likely that price will continue to do that on dxy index.
Transaction en cours
As we had described price to drop to our level and reject sharply, it did exactly same as we had explain in our chart, currently price is +204 pips in positive target. We are expecting a further growth in price movement in coming days. At least targeting 500+ pips from the current idea. Please use accurate risk management and close the trade where it matches you take profit criteria. Good Luck and trade safe.
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