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USD/CHF SIGNAL - USD HOUSING PRICE INDEX - 25 MAY 2021

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Signal Details
Entry Price: 
0.8953
Take Profit: 
0.9025
Stop Loss: 
0.8912
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF has traded into the key support of a descending wedge prior to the USD Housing Price Index Data, which is a key economic indicator measuring the change in housing prices. Technically the pair is in a descending wedge, which is a bullish chart pattern, shown when the market is reaching the end of a bear market. We anticipate upside into the 0.90250 level.

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Submitted by Toni H. on Tue, 25 May 2021 06:57:35 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.

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