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USD/CHF Signal - USD NY Empire State Manufacturing - 15 Nov 2021

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Signal Details
Entry Price: 
0.91955
Take Profit: 
0.9270
Stop Loss: 
0.91550
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USD/CHF has traded to structure support prior to the USD NY Empire State Manufacturing data, which gauges business conditions for New York manufacturers. Generally speaking, a positive result indicates bullish for US Dollar, while a negative result shows poor growth of US Dollar. Technically the pair traded above the moving average ribbon, which is now dynamic support in a bullish cross. We anticipate continued upside into the 0.92700 level.

Submitted by Toni H. on Mon, 15 Nov 2021 04:16:47 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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