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Jan 29, 2025

USDCHF: Upward Momentum

USDCHF, H4

USDCHFH4.png

USDCHF breaks above the descending channel and 0.9060 resistance.

Currently the price faces the 50-MA, while the Momentum crosses the 100-line up, giving a power for the further growth.

  • Consider a long trade if the price breaks above the 50-MA with the target at 0.9120.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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