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USDCHF Forex Analysis for June 7th 2019

USDCHF Forex Analysis for June 7th 2019
Friday, June 7th, 2019 @ 4:13 am by Muhammad Azeem

About Muhammad Azeem:

Muhammad Azeem Mr. Azeem is a pure technician and solely employs technical market analysis in trading. He believes that the news is just the catalyst for technical events. In his opinion, prices are so far ahead of any news story as every conceivable fundamental possibility has already been discounted. Muhammad is a regular participant in the FX Instructor Live Trading Room.

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With a good momentum, the price of USDCHF Spot Forex pair is moving up and down and looks like Friday is going to be a range trading day for currency traders. Price action may attempt to hit a support area or resistance area and there is a fifty – fifty chance for the USDCHF market to rise up or falls down.

Multiple bullish and bearish legs pattern could be seen in USDCHF price action. Key support level is present at 0.9878 price level, based on most recent swing low and key resistance level is present at 0.9960 price level, based on most recent swing high in 15 minutes time frame of USDCHF. A good idea is look for a bullish break out or bearish break down in near future price action. Right now, there is no trading opportunity for the day. Henceforth, I may jump at the chance to stay out of the market in USDCHF price action.

USDCHF Forex Analysis

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