FX.co ★ USD/CHF
Trader Journals:::
USD/CHF
Greetings to experienced traders and beginners. According to my system, the price of the USD/CHF currency pair should continue to strengthen and in the near future reach the level of 0.8152. The main factor influencing this forecast is the synchronization of the main and local trend, as well as the decrease in divergence of medium-term benchmarks. This parameter indicates a decline in the activity of large speculators. Apparently, they have shifted their interest to other assets. This means that further movement will be inert. At least until factors appear that indicate a reversal or local consolidation. To enter the market, I plan to use medium-lot buy orders. To minimize possible losses, it’s better to wait for an unloading wave. When it drops below 0.8101, the risks will become acceptable. The support level of 0.8060 can be used to increase the position size. But I don’t expect the price to go that far. It has already traded there and a move back to that area will only do harm.