• July 10, 2024
  • Trade ideas

USDCHF: Expanding Triangle



USDCHF navigating within an expanding triangle and aiming 0.9000 resistance level. The momentum oscillator is going to cross the 100 level up, potentially indicating a bullish sentiment.

  • If the price surpasses the 0.9000 resistance, It may propel the asset to 0.9150;
  • However, if the USDCHF rebounds off the upper border of the pattern, the price will fall to the 0.8880 level.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul