USD/CHF (We are at the resistant level)
Updated View On USD/CHF (8 Apr 2019)
Back Ground: U/CHF is on the rise after being support well from good support of 0.994 regions. Now it is a side way rangy position and it "may not" enough strength to push through for now.
It may get resistant well and it can swing back to 0.994 to 0.999 region. So, do not be in a hurry to go in long yet.
Target(s): NA
SHTF: 0.994 will be a good support region.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Back Ground: U/CHF is on the rise after being support well from good support of 0.994 regions. Now it is a side way rangy position and it "may not" enough strength to push through for now.
It may get resistant well and it can swing back to 0.994 to 0.999 region. So, do not be in a hurry to go in long yet.
Target(s): NA
SHTF: 0.994 will be a good support region.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The pair is going UP as we expected.
It shall accelerate further in the coming week.
The nearest tgt should be 1.0050.
All the best.