⚡️Strifor || USDCHF-11/01/2024
Preferred direction: BUY
Comment: The dollar is still being considered for sale. There were low expectations that we would see a strengthening of the US currency before the publication of inflation data in the US. But nevertheless, the buy-priority remains in USD.
USDCHF forms a clear accumulation, which is filled with market sales. And this means a potential resource for growth. Technically, we continue to accumulate before reaching the level of 0.85696, which also says more about an impending upward breakout of this resistance.
The scenarios are highlighted on the chart. The first is more likely, but the second may be realized just at the time of the publication of inflation data. That is, in the second case, there will be a preliminary false breakdown downward and then a growth above the level of 0.85696.
Thank you for like and share your views!
Comment: The dollar is still being considered for sale. There were low expectations that we would see a strengthening of the US currency before the publication of inflation data in the US. But nevertheless, the buy-priority remains in USD.
USDCHF forms a clear accumulation, which is filled with market sales. And this means a potential resource for growth. Technically, we continue to accumulate before reaching the level of 0.85696, which also says more about an impending upward breakout of this resistance.
The scenarios are highlighted on the chart. The first is more likely, but the second may be realized just at the time of the publication of inflation data. That is, in the second case, there will be a preliminary false breakdown downward and then a growth above the level of 0.85696.
Thank you for like and share your views!
Trade active
Comment:
⚡️New US CPI's ideas for EURUSD, GBPUSD, GOLD⚡️
Comment:
⚡️New ideas for EURUSD, GBPUSD, GOLD⚡️
Trade closed: target reached
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