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USD/CHF Signal - USD Durable Goods Orders - 26 Apr 2021

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Signal Details
Entry Price: 
0.9136
Take Profit: 
0.9168
Stop Loss: 
0.9115
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF is finding support prior to the USD Durable Goods Orders data, which measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. Technically the pair is at the key support zone, and has made a break to the upside of a descending wedge pattern. The PPO has performed a bullish cross.

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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.