BUY USDCHF
USD/CHF situation is similar to that of EUR/USD, so we wait the price to get out of 0.96-0.96 range. If the price will break up the corridor, we recommend to long, and if the price will break down the corridor, we will short. But it is worth remembering that it is required to wait for the retest and return to average prices before opening.
Exponential moving averages with periods of 24 and 12 are used for trading by USD/CHF trend. Trading is carried out only on the hourly timeframe. EMAs like dynamic support and resistance levels are used to define buy/sell signals, and intersections of moving averages are also taken into account.
Exponential moving averages with periods of 24 and 12 are used for trading by USD/CHF trend. Trading is carried out only on the hourly timeframe. EMAs like dynamic support and resistance levels are used to define buy/sell signals, and intersections of moving averages are also taken into account.
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