peakbroker

USD/CHF Weekly Forecast (3th August - 7th August)

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Great buy potential on the USD/CHF pair. An engulfing pattern on a daily chart and RSI divergence on a 4-hour chart indicate a possible trend reversal. I would call the target price the closest key level, which is associated with a great risk reward ratio of 1: 3.

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