USD/CHF Signal - Redbook Index - 02 Feb 2021

Signal Details

Entry Price:

0.89610

Take Profit:

0.90000

Stop Loss:

0.89200

Direction:

Buy

How we trade

USD/CHF is trading to the upside today prior to the Redbook Index. The Johnson Redbook Index, released by Redbook Research Inc., is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9.000 stores. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the USD/CHF into the 0.90000 level.

Submitted by Toni H. on Tue, 02 Feb 2021 04:47:12 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

USD/CHF Signal - Redbook Index - 02 Feb 2021

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