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ajithchand-bhandaari
Feb 29, 2016 8:27 AM

USDCHF LONG Long

U.S. Dollar/Swiss FrancFXCM

Description

There are many reason why we feel it may Rise.

* It has formed hammer 2 weeks ago in weekly chart .
* To Rise and come near 1.0026 levels
* Stoch RSI (3,3,14,Close) clearly states it may Rise.
* RSI (14,CLOSE) Is also of the same view.
* CCI (20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from Buy above: 0.9976 sl@:0.9962, Tgt 01:1.0010 Tgt 02:1.0026, Tgt 03:1.0075
We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
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